Whale Sells 18,000 ETH for $55.34 Million, Realizing $8.45 Million Profit

An on-chain analyst reveals significant accumulation by a whale, highlighting ongoing interest in Ethereum despite recent market fluctuations.

ETH

USDT

USDC

246d ago

Summary

An on-chain analyst, Ai Yi, reported that a whale has accumulated 8,309 ETH, valued at $29.9 million, over five hours, with an average buy price of $3,601.8. The whale holds 500cbBTC and 7,950 WETH, borrowing $30 million in USDT and $18 million in USDC, maintaining a health factor of 1.48.

Terms & Concepts

whale: A term used in cryptocurrency to describe an individual or entity that holds a large amount of a particular cryptocurrency.
ETH: Ethereum, a decentralized platform that enables smart contracts and decentralized applications (dApps) to be built and run without any downtime, fraud, control, or interference.