The institutional whale sold 10,425 ETH within 13 hours, earning 49.7 million USDT with a profit of 51.7 million USDT from July investments.
This whale bought a total of 33,333 ETH at an average price of $2,950 USD/ETH in mid-July, then sold all of it in early August at a price of around $4,555 USD/ETH, thus doubling its 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.
10,425 ETH were sold entirely in 13 hours, resulting in a collection of 49.7 million USDT.
The deal generated a profit of 51.7 million USD for the whale, increasing from 98.33 million to 150 million USD.
When and how much did the whale buy ETH?
The whale, or this large organization, transferred 98.33 million USDT from TRX to ETH through 10 addresses in June, then accumulated all 33,333 ETH on July 14 at an average price of $2,950 per ETH.
Large-scale ETH purchases on-chain are clearly identified through multi-address asset transfers, demonstrating a highly coordinated and systematic investment strategy by whales.
This investment shows confidence in ETH's growth potential in mid-2023.
How did the whale sell ETH and make a profit?
The whale started selling its ETH holdings in early August and completed the sale of 10,425 ETH entirely 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 its capital from 98.33 million USDT to 150 million USDT, resulting in a net profit of 51.7 million USDT, equivalent to over 52% profit.
The strategy of buying low and selling high demonstrates investment expertise with a clear roadmap and the ability to understand the market effectively.
"We are witnessing large-scale on-chain transactions representing a clear strategic investment trend, often accompanied by attractive short-term returns."
– Yu Jin, on-chain analyst, reported on August 25, 2023
What does the transition from TRX to ETH mean for the portfolio structure?
The transfer of 98.33 million USDT from TRX to ETH represents a portfolio restructuring towards assets with higher growth and liquidity potential like ETH.
This move may reflect whales' views on Ethereum's prospects in the second half of 2023, focusing on optimizing profits from price volatility.
The distribution of capital across multiple addresses shows caution and transparency in transactions, reducing the risk of exposure or market attack.
Frequently Asked Questions
How did the whale buy ETH?
The whale purchased a total of 33,333 ETH on July 14 at an average price of $2,950 per ETH, indicating a detailed and extensive investment plan.
How long does it take for the whale to sell ETH and at what price?
The whale sold 10,425 ETH in 13 hours in early August at an average price of $4,555 USD/ETH, maximizing profit.
What is the profit from this deal?
The whale's net profit was 51.7 million USDT, and capital increased from 98.33 million USDT to 150 million USDT after one month of holding ETH.
What does transferring funds from TRX to ETH mean?
This shows that whales prioritize ETH assets due to better growth prospects in their digital asset investment strategy.
What does the whale's investment strategy represent?
The strategy of buying low and selling high reflects excellent experience and the ability to seize market opportunities.
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