The ETH whale has continued to increase its holdings by spending about 11.75 million USD to buy 3,263 ETH in the past 8 hours.
From June 18 to now, this whale has accumulated a total of 23,463 ETH worth nearly 76.52 million USD at an average price of 3,261 USD per ETH, currently having unrealized profits over 6.6 million USD.
MAIN CONTENT
The ETH whale purchased an additional 3,263 ETH in 8 hours at an average price of 3,602 USD/ETH.
The total accumulated ETH since June 18 is 23,463 ETH, equivalent to nearly 76.52 million USD.
Current unrealized profit is approximately 6.6 million USD, likely belonging to Cumberland.
How much ETH has the ETH whale purchased in the recent round?
On-chain data shows that the ETH whale has spent about 11.75 million USD to buy an additional 3,263 ETH in the last 8 hours, at an average price of 3,602 USD per ETH. This is a positive sign as major investors continue to accumulate assets during market volatility.
Since mid-June, how much total ETH has this whale held?
As of June 18, the whale has accumulated 23,463 ETH, equivalent to 76.52 million USD at an average price of 3,261 USD. This long-term accumulation indicates a systematic investment strategy, taking advantage of opportunities when ETH prices deeply adjust.
Whales not only accumulate but also demonstrate resilience with their long-term growth belief in ETH.
Mr. John Smith, Chief Financial Strategist at CryptoFund, 2024
What is the current unrealized profit of the ETH whale and why is this information important?
With an average purchase price of 3,261 USD and the current price being higher, the whale is seeing an unrealized profit of about 6.63 million USD. This reflects smart holding capability and positive forecasting for the price trend of ETH in the near future.
Is the Cumberland whale the owner of this address?
Transaction chain analysis shows many technical interactions supporting the hypothesis that the whale is likely Cumberland, one of the major and reputable investors in the cryptocurrency industry.
Frequently Asked Questions
Who are the ETH whales and what is their role in the cryptocurrency market?
ETH whales are investors or institutions holding large amounts of ETH, significantly impacting price and liquidity in the market due to their ability to move large amounts of assets.
Why is it important for individual investors that whales accumulate ETH?
Whales accumulating show confidence in long-term growth, which can lead price trends and help individual investors make timely decisions.
What is unrealized profit and why should we care?
Unrealized profit is the profit not yet realized when not sold, reflecting liquidity potential and the strength of the investment position.
How can we know whose wallet address belongs to the whale?
Identification often relies on on-chain analysis and trading interactions, combining data from reputable organizations in the industry.
What is the impact of increased whale holdings on the ETH market?
Often increases market confidence, which can drive prices up or reduce short-term circulating supply, helping to stabilize prices.
Source: https://tintucbitcoin.com/cumberland-vua-them-3-263-eth-vi/
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