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Whale Wallet Acquires 4,772.89 ETH for $17.09 Million

Whale 0x8C08's recent sale of 8,005 ETH at $3,751 each marks a significant profit, illustrating ongoing trading strategies among large holders.

ETH

Summary

Whale 0x8C08 sold 8,005 ETH at an average price of $3,751, totaling $30.03 million, while retaining 1,577 ETH valued at $5.96 million. This whale had previously purchased 9,582 ETH at an average price of $2,725, resulting in a profit of $9.87 million (+38%) over two weeks.

Terms & Concepts
  • ETH: Ethereum's native cryptocurrency, used for transactions and smart contracts on the Ethereum blockchain.
  • whale wallet: A term used in cryptocurrency to describe a wallet that holds a large amount of cryptocurrency, often influencing market movements.
  • on-chain analysis: The process of examining blockchain data to gain insights into market trends, user behavior, and transaction patterns.