Ethereum Whale Potentially Liquidates Holdings for Significant Profit

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An Ethereum whale has liquidated its holdings after two years, realizing a profit of over $5 million. This significant transaction indicates potential market movements that could influence investor sentiment.

According to BlockBeats, a prominent Ethereum whale address has reportedly liquidated its holdings after two years of inactivity, potentially securing a profit of $5.23 million. The address accumulated 8,711.3 ETH, valued at approximately $33.76 million, between July 28 and September 14, at an average price of $3,876 per ETH. The whale executed the sale in two transactions, with the most recent involving a deposit of 5,000 ETH just two hours ago. The total holding period was less than three months, yielding a return rate of 15.5%.

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