The whale organization sold 10,425 ETH within 13 hours, yielding 49.7 million USDT with a profit of 51.7 million USDT from the July investment.
This whale bought a total of 33,333 ETH on average at 2,950 USD/ETH in mid-July and then sold everything at the beginning of August at around 4,555 USD/ETH, thereby increasing capital from 98.33 million USDT to 150 million USDT.
MAIN CONTENT
The whale bought 33,333 ETH in July at an average price of 2,950 USD/ETH.
All 10,425 ETH was sold in 13 hours, yielding 49.7 million USDT.
The transaction brought a profit of 51.7 million USDT for the whale, from 98.33 million to 150 million USDT.
When did the whale buy ETH and how much?
The whale, or this large organization, transferred 98.33 million USDT from TRX to ETH through 10 addresses in June, then gathered all 33,333 ETH on July 14 at an average price of 2,950 USD per ETH.
The large-scale on-chain purchase of ETH is clearly identified through multi-address asset transfers, reflecting a synchronous and systematic investment strategy from the whale.
This investment shows confidence in the growth potential of ETH during the mid-2023 period.
How did the whale sell ETH and how much profit did it earn?
The whale started to gradually sell the ETH it held from the beginning of August and completed the sale of 10,425 ETH within 13 hours, at an average selling price of 4,555 USD/ETH.
After about a month of holding, this investment helped the whale increase capital from 98.33 million USDT to 150 million USDT, with a net profit of up to 51.7 million USDT, equivalent to more than 52% profit.
The strategy of buying when prices are low and selling when prices increase shows a clear investment pathway and effective market capture ability.
"We see that large-scale on-chain transactions reflect a clearly strategic investment trend, often accompanied by attractive short-term returns."
– Yu Jin, on-chain analysis expert, report dated 25/8/2023
What does the transfer from TRX to ETH mean for the portfolio structure?
The transfer of 98.33 million USDT from TRX to ETH reflects a portfolio restructuring towards assets with higher growth potential and liquidity like ETH.
This move may reflect the whale's assessment of Ethereum's prospects in the second half of 2023, focusing on optimizing profits from price fluctuations.
The capital allocation across multiple addresses shows caution and transparency in transactions, minimizing the risk of detection or attack in the market.
Frequently Asked Questions
How did the whale buy the amount of ETH?
The whale purchased a total of 33,333 ETH on July 14 at an average price of 2,950 USD per ETH, demonstrating a detailed and large-scale investment plan.
How long did the whale sell ETH and what was the selling price?
The whale sold 10,425 ETH in 13 hours at the beginning of August for an average price of 4,555 USD/ETH, maximizing profits.
What is the profit gained from this transaction?
The whale gained a net profit of 51.7 million USDT, increasing capital from 98.33 million USDT to 150 million USDT after one month of holding ETH.
What does the transfer of funds from TRX to ETH mean?
This shows that the whale prioritizes ETH assets due to better growth prospects in the digital asset investment strategy.
What does the whale's investment strategy reflect?
The strategy of buying low and selling high reflects excellent experience and market opportunity capture ability.
Source: https://tintucbitcoin.com/nha-dau-tu-lon-ban-10-000-eth-loi-nhuan/
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