CandleFocus Ethereum Whale Sells 29,897 $ETH for $84.87M Profit
2024-11-08
Author: Content Editor
A major Ethereum whale has sold a portion of its holdings, moving 29,897 ETH for 84.87 million USDC. The sale was made at an average price of $2,839 per ETH, resulting in a profit of $84.7 million or an 810 times return on investment. Despite the sale, the whale still holds 368,992 ETH, worth approximately $1.07 billion. This sell-off is the first significant transaction from this wallet since it became active almost eight years ago. The whale's ETH hoard can be traced back to 28 individual wallets that started buying the cryptocurrency in January 2016.
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