Ethereum whale with address 0xC77…CbA28 just liquidated 2.417 ETH after holding for a month, realizing a profit of 1.41 million USD.
MAIN CONTENT
ETH whales holding for over a month before liquidation generate significant profits.
Average buying price 3,672.4 USD, selling price 4,257 USD per ETH.
The profit from the 2 recent transactions exceeds 2.8 million USD.
How much ETH has the Ethereum whale liquidated and over what period?
Ethereum whale with address 0xC77…CbA28 has liquidated a total of 2.417 ETH after holding this Token for 1 month.
The liquidation transaction occurred about 10 hours ago according to statistics recorded on August 22. The long holding time allowed this whale to take advantage of the significant price increase of ETH in the market.
What are the buying and selling prices of ETH in this transaction and how much profit was made?
The average buying price of ETH is recorded at 3,672.4 USD per Token, while the selling price reaches 4,257 USD per ETH.
Thanks to this margin, the whale earned approximately 1.41 million USD in a single liquidation. This figure shows that a long-term holding strategy and reasonable selling timing can yield significant investment results in the cryptocurrency market.
Holding ETH for a month and liquidating at a high price has helped whale 0xC77…CbA28 earn over 1.4 million USD, demonstrating effective personal portfolio management.
Analysis by Ai Yi, cryptocurrency market monitoring expert, 22/8/2024
What is the total profit from this whale's recent transactions?
In addition to the latest transaction, the total profit from two recent trading groups has exceeded 2.8 million USD.
This shows that ETH whales not only take advantage of short-term market opportunities but also apply effective buy-sell strategies multiple times to increase their assets.
What factors influence the decision of whales to liquidate ETH?
To decide on liquidation, whales often rely on analyzing price fluctuations, profitability efficiency, and macro market attitudes such as the global economy and trends in the cryptocurrency industry.
This helps them optimize profits, minimizing risks when ETH prices reach significantly higher levels than the initial purchase price.
Frequently Asked Questions
What is an Ethereum whale?
Ethereum whales are individuals who own large amounts of ETH, capable of influencing price fluctuations and market liquidity.
Why do whales hold ETH for a long time before selling?
They often hold to take advantage of long-term price uptrends and sell when they reach high target profits.
How is the investment efficiency of ETH whales evaluated?
Through successful transactions with significant profits like the above, the strategy of holding and selling at the right time has proven highly effective.
How to track the activities of ETH whales?
On-chain tracking tools and public wallet address monitoring services can be used to update whale transactions.
How does liquidating ETH affect the market?
Large liquidations can exert short-term downward price pressure but also reflect profit opportunities for other investors.
Source: https://tintucbitcoin.com/ca-voi-eth-ban-2-417-eth-loi-lon/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to stay updated on the latest news about the cryptocurrency market and not miss any important information!
