An ETH whale sold 3.075 ETH at a price of 4,310 USD each, bringing in 13.25 million USD in DAI.
This whale still holds 15.708 ETH equivalent to approximately 67.82 million USD and may continue to sell more in the future.
MAIN CONTENT
The ETH whale has sold 3.075 ETH at a price of 4,310 USD/ETH.
The wallet address currently holds 15.708 ETH, equivalent to 67.82 million USD and may sell more.
How many tokens has the ETH whale sold and what is the transaction value?
This ETH whale has sold 3.075 ETH at a unit price of 4,310 USD each. The total transaction value amounts to approximately 13.25 million USD, converted into DAI stablecoin.
This is a notable transaction showing profit-taking or portfolio restructuring actions by a large investor in the cryptocurrency market. DAI was chosen as the stablecoin to maintain stable value.
How much ETH does the wallet still hold and what is the potential for further sales in the future?
After the transaction, the remaining ETH balance in the wallet is 15.708 ETH, equivalent to approximately 67.82 million USD at current prices. This is still a large volume that allows the whale to maintain significant influence in the market.
The existence of this amount indicates the potential for continued selling or long-term holding, depending on market developments and the personal investment strategy of the wallet owner.
Whale selling can create certain pressure on ETH prices in the short term but also reflects liquidity levels and potential rebalancing opportunities.
Cryptocurrency market analyst, 2024
Frequently Asked Questions
How does the ETH whale's token sale affect market prices?
Transactions from whales often cause strong volatility due to large volumes, which can create selling pressure or stimulate liquidity depending on market trends.
What is DAI and why do whales choose to hold cash value in DAI?
DAI is a stablecoin pegged to the USD, helping to preserve value and reduce volatility risk when converting digital assets into cash.
How to track whale transactions in the cryptocurrency market?
You can use on-chain analysis services like Onchain Lens to transparently and in real-time update whale transaction information.
Do whales always sell tokens as soon as prices rise?
Not necessarily, whales often have long-term investment strategies or diversification, buying and selling based on analysis and financial goals.
Is selling ETH for DAI a sign of falling ETH prices?
Not entirely, this could be a way for whales to preserve capital in stablecoins when anticipating volatility or preparing for other investment opportunities.
Source: https://tintucbitcoin.com/ca-voi-ethereum-ban-3-075-eth/
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