Ethereum whales have executed a series of high-volume transactions, generating profits of over 30 million USD through recent ETH buy and sell activities.
Recent trading activities demonstrate a strategy of buying hundreds of thousands of ETH at low average prices and selling when prices rise, yielding high profit ratios along with significant liquidity.
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The whale bought 132,000 ETH at an average price of 2,540 USD in mid-June.
Sold 73,592 ETH through multiple rounds, bringing in over 200 million USDC at an average selling price of 2,720 USD.
The realized profit from sell transactions reached approximately 13.24 million USD, still holding 60,000 ETH.
Who are Ethereum whales and why do their transactions have a big impact?
According to Ember's analysis, an Ethereum whale is an organization or individual that owns a very large amount of ETH, capable of causing market volatility when trading.
This whale's recent transactions show extensive market timing experience, seizing price opportunities to maximize profits. The trading volume reaching hundreds of thousands of ETH indicates high reliability and significant influence on price trends.
How does the ETH whale trading strategy work?
Detailed information indicates that whales purchased 132,000 ETH at an average price of 2,540 USD during the period from June 11 to 22, 2024, and then began selling successively from July 9, taking advantage of the price surge to lock in profits.
Such large ETH buying and selling activities are a testament to a systematic investment strategy, deep knowledge of the cryptocurrency market, and effective trend prediction ability.
– Ember, On-chain Analyst, July 2024
In total, the whale sold 73,592 ETH in exchange for approximately 200 million USDC at an average selling price of 2,720 USD, recording a net profit of up to 13.24 million USD. This is a typical example of risk management and asset growth capability in a volatile market.
Currently, how much ETH do whales hold and what is its value?
Whales are still holding 60,000 ETH, equivalent to approximately 180 million USD at the current market price. Maintaining a large amount of assets allows them to continue to monitor and participate in the market effectively.
Retaining a significant amount of ETH is a strategy for asset preservation while preparing for future investment opportunities.
– Director of Digital Asset Strategy, International Financial Organization, July 2024
Recent ETH whale transaction information table
Transaction Date ETH Amount (Token) Average Price (USD/ETH) Transaction Value (USD) Realized Profit (USD) 11-22/6/2024 132,000 2,540 335 million – 9/7 to present 73,592 sold 2,720 200 million 13.24 million Currently holding 60,000 ~3,000 (estimated) 180 million –
Frequently Asked Questions
What is an Ethereum whale?
An individual or organization holding a large amount of ETH that can influence the market. According to Ember, their activities are closely monitored.Why are whale transactions important?
Whales can create significant price volatility, impacting overall market trends.How much profit do whale transactions generate?
Recent ETH whales recorded realized profits of approximately 13.24 million USD through their transactions.How much ETH do whales typically retain?
Typically hold most of their assets for continued investment or adjustment when the market fluctuates.How to track whale activities?
On-chain analysis companies like Ember provide transparent data that helps investors observe.
Source: https://tintucbitcoin.com/ca-voi-ethereum-kiem-30-trieu-usd/
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