An Ethereum whale address has accumulated 68,000 ETH since the end of June, earning 115 million USD in just over a month and a half.
This address purchased ETH at an average price of 2,597 USD, with prices ranging from 2,284 to 4,302 USD, while also withdrawing over 8,700 ETH from Binance recently.
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The whale accumulated 68,000 ETH since June 22, generating a profit of 115 million USD.
The whale's average purchase price for ETH is 2,597 USD, ranging from 2,284 to 4,302 USD.
Recently, the whale withdrew 8,745 ETH from the Binance exchange in 5 minutes.
How much ETH has a whale accumulated since the end of June?
The wallet address 0x395…45500 has accumulated 68,000 ETH since June 22, achieving a profit of up to 115 million USD in just over 1.5 months.
This is an accumulation activity of an organizational whale, showing a strong buying decision when the price of ETH ranged from 2,284 to 4,302 USD. The rapid and large accumulation indicates a profit-taking strategy during market volatility.
What is the average purchase price of this whale's ETH and what does it mean?
The average purchase price of the whale is recorded at approximately 2,597 USD, within a range from 2,284 to 4,302 USD for different purchases.
This price level reflects the ability to allocate capital reasonably, taking advantage of price fluctuations to increase the amount of ETH held. This strategy helps them generate substantial profits when the price of ETH rises above the initial purchase level.
What does the recent ETH withdrawal from Binance mean?
In the last 5 minutes, the whale withdrew 8,745 ETH from Binance, indicating a move to transfer assets out of a centralized exchange.
Such rapid and large ETH withdrawals are often intended to protect assets in cold wallets or prepare for other long-term investment plans, reflecting caution and high risk management in cryptocurrency asset management.
Ethereum whales demonstrate long-term investment strategies, optimizing profits through each price fluctuation.
ETH Market Analyst, 2024
Frequently Asked Questions
What is an Ethereum whale?
Ethereum whales are wallet addresses that hold large amounts of ETH, which can impact market prices due to large trading volumes and accumulation.
What are the benefits of long-term ETH accumulation?
Accumulating ETH when prices are low increases profit potential when prices rise, while also reducing short-term impacts from market fluctuations.
Why did the whale withdraw ETH from Binance?
Whales often withdraw ETH to protect assets or transfer to cold wallets, aiming to avoid the risk of losing money when exchanges face issues.
Is the average purchase price of 2,597 USD for ETH high or low?
This purchase price is considered reasonable within the ETH market fluctuations and has generated significant profits for the investor.
Is accumulating ETH risky?
Like any investment, accumulating ETH carries the risk of price volatility, but good management helps mitigate this risk.
Source: https://tintucbitcoin.com/eth-whale-gom-68-000-eth-kiem-115-trieu-usd/
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