The ETH whale with a balance of 1 million ETH has sold over 356,600 ETH in the past year, equivalent to nearly $892 million, at an average selling price of $2,501 per ETH and a cost basis of just over $0.3.
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The largest ETH whale, which once held 1 million ETH, has sold 356,600 ETH in 12 months.
The average selling price reached $2,501, generating nearly $892 million in revenue.
Who are ETH whales and how have they traded in the past year?
The ETH whale with an initial balance of 1 million ETH has sold a total of 356,600 ETH over the past year, according to on-chain analysis from expert @ai_9684xtpa. This is a massive trading volume, indicating significant asset movement within the Ethereum ecosystem.
This sale was executed at an average price of $2,501/ETH, while the whale's cost basis was only $0.31/ETH, generating a significant profit. Additionally, the whale still holds up to 24,619 ETH in their wallet, indicating they maintain a large position in the market.
The significance of this sell-off for the cryptocurrency market and ETH whales
The sale of over 356,600 ETH at an average price of $2,501/ETH contributes to supply adjustments and affects liquidity in the Ethereum market. The fact that this whale still maintains a large amount of ETH demonstrates a long-term investment strategy despite partially liquidating over the past year.
"Transactions of large whales like this can significantly impact price volatility and market expectations, while also reflecting changes in asset allocation strategies."
Mr. Nguyen Van Hoang, Blockchain Analyst, 2024
Recent movements of ETH whales: What does the trade of 1,000 ETH an hour ago indicate?
The ETH whale recently sold 1,000 ETH just about 1 hour ago, indicating continuous trading activity and proactive portfolio management. Although this percentage is not large compared to the total holdings, it shows flexibility in capital adjustment.
Summary table of transactions and ETH balance of whales over the past year
Metrics Initial Total ETH 1,000,000 ETH ETH Sold 356,600 ETH Average Selling Price $2,501/ETH Total Revenue from ETH Sales $892 million Average Cost Basis $0.31/ETH Current ETH Balance 24,619 ETH Most Recent Transaction Sold 1,000 ETH (1 hour ago)
"Maintaining a large portion of ETH in the wallet after selling allows the whale to retain control and seize future market opportunities."
Dr. Le Thanh Binh, Finance Lecturer at National Economics University, 2024
Frequently Asked Questions
How do Ethereum whales influence the cryptocurrency market? Whales holding large amounts of ETH can create significant price volatility through large volume trades, impacting supply and demand as well as investor sentiment. Why do ETH whales sell at a high average price but still retain a large amount of ETH? Partial sell-offs allow whales to realize profits while maintaining a long-term investment position, taking advantage of ETH's potential price increase. What does a cost basis of just $0.31/ETH mean? A low cost basis indicates that the whale invested in ETH very early, resulting in huge profits as the market grew. Can the trading activities of ETH whales predict market trends? Whale trading is often closely monitored to predict volatility but should be combined with technical and fundamental analysis for decision-making. Is on-chain information reliable? On-chain data is collected directly from the Blockchain, providing transparency and accuracy regarding transactions as well as the whale's wallet balance.
Source: https://tintucbitcoin.com/ca-voi-ethereum-ban-1-000-eth/
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