Whale Movements! Accumulating 19,992 ETH in 2024, Short-term Selling Profits May Exceed $9.13 Million
On-chain data shows that a whale, which accumulated at an average price of $2,550 at the beginning of 2024, has drawn market attention again. In the past 13 hours, this address has sold a total of 9,496 ETH, with a total value of up to $37.02 million. Just three hours ago, this whale deposited 6,796 ETH into Binance, and if sold at the current market price, would realize a profit of approximately $9.13 million.
Since the beginning of the year, this whale has firmly grasped the market rhythm through large-scale accumulation and precise operations, serving as a barometer for the ETH market. Its frequent transfers and trading actions may indicate the possibility of further short-term market fluctuations.
Currently, there are differing opinions in the market regarding the whale's intentions: is it a phased profit-taking exit, or is it building up for the next move? Will this action trigger a chain reaction in ETH prices? All of this is worth investors' continued attention.
Want to be the first to grasp whale dynamics and in-depth on-chain insights? Like + Follow to get exclusive on-chain data analysis!
