Analysis of Historical Spending by Cryptocurrency Sharks During the Large ETH Deposit in 2016
In the cryptocurrency industry, 'sharks' have a huge influence on the market. According to data from analyst @ai_9684xtpa, a wizard in this market, in June 2016, an ancient shark deposited 5,000 ETH into the Coinbase platform in just 3 hours. The value of this investment is estimated to reach about 12.11 million USD. If this shark sells, the profit will exceed 12 million USD, yielding an extremely impressive return rate of 20090%.
The Ancient ETH Shark's Trace
The special point in this story is the origin of that ETH. This cash flow originates from August 2016, when ETH was only priced at around 12 USD. This proves the long-term accumulation of the investor, demonstrating a very strong Hold strategy among the major players in the cryptocurrency market.
Most Recent Activity of the Shark
About six months ago, this shark was suspected of conducting a large-scale sell-off. However, later, this shark still held 5,000 ETH in its wallet, showing persistence in the strategy of accumulating high-value cryptocurrencies. For other investors, this is a clear sign of maintaining confidence and seizing opportunities from the volatility of the cryptocurrency market.
Impact on the Market and Future Predictions
With the shark accumulating ETH since 2016, the market has witnessed a wave of large cash flows, significantly impacting prices and trading volumes. Experts predict that major investors still have much potential to accumulate, which could cause major fluctuations in upcoming trading sessions. The cryptocurrency market continues to record the accumulation and sell-off activities of these sharks, contributing to global vibrancy and instability.
Source: https://tintucbitcoin.com/ca-map-co-dai-tich-5-000-eth-loi-12-trieu/
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