Massive trading impact: Cryptocurrency whale transfers 9,706 ETH via ThorChain
In the past 16 days, according to monitoring from Onchain Lens, a cryptocurrency whale conducted a massive transaction transferring 9,706.16 ETH (equivalent to 24.03 million USD) through the ThorChain platform. This move not only demonstrates the influence of whales in the DeFi market but also enables this individual to earn a massive profit of up to 28.62 million USD, marking an impressive profitable deal.
The long-term investment journey with Ethereum
Nine years ago, this whale received 11,620.57 ETH from the ShapeShift exchange, which was worth about 113,600 USD at that time. The long-term connection with Ethereum shows resilience and a strategic vision in cryptocurrency investment, helping them retain the remaining 1,914.4 ETH now worth over 4.7 million USD. This figure emphasizes the level of long-term betting and a deep understanding of the dynamics of the digital asset market.
The significance of trading for the DeFi market
The transfer of 9,706 ETH via ThorChain is not just a personal transaction but also shows trust in the cross-chain ecosystem of ThorChain. This is a clear testament to the increasingly popular multi-chain liquidity trend, optimizing investment efficiency, reducing gas costs, and expanding access to diverse liquidity pools.
Long-term impacts and future trends
Trading with a profit of up to 28.62 million USD shows that whales are making the most of volatility and arbitrage opportunities in the global cryptocurrency market. This is also a strong signal for retail investors, encouraging in-depth research and the application of complex DeFi tools to enhance profits. The cryptocurrency market is becoming increasingly mature with wide profit margins for savvy and flexible players.
Through large-scale transactions like this, it is clear that the cryptocurrency market still holds many potential opportunities for savvy investors who know how to leverage and take advantage of modern DeFi technology, laying the foundation for a long-term and sustainable investment journey.
Source: https://tintucbitcoin.com/whale-sells-97k-eth-profit-28-million/
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