In the dynamic world of cryptocurrencies, mainly in Bitcoin and Ethereum, the activity of large investors, known as “whales”, often attracts attention due to their ability to influence markets.
Recently, a large whale in the Ethereum market has generated interest by making a series of significant moves that have impacted its profits and market position.
This whale initially acquired a substantial amount of Ethereum, purchasing 39,257 ETH for $16.87 million from the HTX exchange, at an average price of $430 per ETH between October 30 and November 12, 2020.
However, his strategy was not limited to initial purchases, as between 2021 and 2022 he made considerable deposits of 29,257 ETH on the Binance and HTX exchanges, at an average price of $1,632 per ETH.
These deposits generated approximate profits of $35 million from the sale of Ethereum
Most recently, between September 23 and September 28, 2022, the whale opted to sell 28,010 ETH from Binance at an average price of $1,324 per ETH.
This move also had implications for his portfolio, and his most recent activity includes a deposit of 5,000 ETH, valued at $10 million, on Binance.
As of today, this great whale maintains a reserve of 35,000 ETH, which, at the current value of $2,009 per ETH, represents a total of $70.4 million.
This amount reflects a strong position in the Ethereum market, indicating its potential influence on future trends and price movements.
The nature of this investor’s actions not only reveals his ability to generate considerable profits on strategic transactions, but also shows his confidence in the cryptocurrency in the long term.
Furthermore, their presence and activity have attracted the attention of other investors and market observers, as the behavior of these whales can have a significant impact on the perception and direction of the cryptocurrency markets in general.
In a market as volatile and constantly evolving as that of cryptocurrencies, the activity of big players like this whale continues to be a topic of interest and speculation for many in the financial and investment community.
