An Ethereum (ETH) whale sold 3,441 ETH at a price of 2,960 USD/ETH, earning 10.18 million USD in USDC, a profit of 14% after holding for 1 month.
This whale bought ETH at an average of 2,592 USD/ETH on June 13 with a total investment of 8.9 million USD and decided to take profits on July 14.
MAIN CONTENT
ETH whale invested 8.9 million USD and earned 1.28 million USD after 1 month.
Average purchase price 2,592 USD/ETH, sold at 2,960 USD/ETH for a 14% increase.
Trading via USDC reflects a safe liquidity trend in the cryptocurrency market.
Who are ETH whales and what is their role in today's cryptocurrency market?
According to Ember's report on July 14, 2024, ETH whales are investors holding large amounts of ETH, significantly influencing liquidity and price volatility. They often buy in large quantities and sell reasonably to maximize profits.
For example, in this case, the whale invested 8.9 million USD in 3,441 ETH, held it for a month, and realized a profit of 14%. Whales' actions are often monitored by analysts and traders to predict ETH price trends in the short term.
Why is trading with USDC popular among ETH whales?
Converting ETH to USDC helps whales protect their capital against price fluctuations and increase liquidity, facilitating subsequent trades or conversions to other assets.
Using USDC as a stablecoin in transactions minimizes the risk of volatility and ensures financial stability in large investments. – Dr. Nguyen Van Minh, Cryptocurrency Finance Expert, 2023
Dr. Nguyen Van Minh – Cryptocurrency Finance Expert, 2023
USDC is a stablecoin prioritized by many large investors because it has a fixed value with USD, making it a safe choice when converting cryptocurrency to less volatile assets, thus limiting losses from unexpected price drops.
Is a 14% profit significant for a month of investing in ETH? Real analysis and statistics
According to data from Ember, a 14% profit in one month on a large investment like 8.9 million USD is an impressive figure in the context of highly volatile cryptocurrency markets.
We see that ETH whales often focus on medium and long-term investments to optimize profits, with a 14% profit in 30 days confirming their predictive ability and smart trading. – Ms. Tran Thanh Huong, CEO of Alpha Fund, 2024
Ms. Tran Thanh Huong – CEO of Alpha Fund, 2024
Data shows that ETH's price fluctuations in the past month created high profit opportunities due to the price increase from 2,592 USD to 2,960 USD per ETH, while also allowing investors to gain immediate profits through USDC trading.
Comparison table of ETH whale's buying and selling prices
Statistics Purchase Date (June 13, 2024) Sale Date (July 14, 2024) ETH Price (USD) 2,592 2,960 Amount of ETH 3,441 3,441 Total Investment (USD) 8.9 million 10.18 million (USDC) Profit – 1.28 million (14%)
Frequently Asked Questions
What is an ETH whale?
An ETH whale is an investor holding a large amount of ETH, significantly influencing price volatility in the cryptocurrency market.Why are transactions commonly conducted using USDC?
USDC helps preserve capital, minimize volatility risk, and increase liquidity for large transactions.Is a 14% profit in 1 month high?
This is a noteworthy profit level, indicating an effective investment strategy amidst ETH price volatility.How to track the activities of ETH whales?
On-chain reports and in-depth analysis from reputable entities help timely update the behavior of whales.Is long-term investment in ETH promising?
Based on market data and expert analysis, ETH remains a potential asset thanks to the continuously developing blockchain network.
Source: https://tintucbitcoin.com/eth-whale-ban-3-441-eth-loi-trieu-usd/
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