ETH Whale Resumes Buying After Profiting $43.5 Million

A significant Ethereum whale has started accumulating ETH again, withdrawing 13,600 ETH valued at approximately $47 million after a year of selling.

ETH

Summary

According to Aiyi's monitoring reported by PANews on August 4th, a whale that participated in the Ethereum ICO has begun accumulating ETH again, withdrawing 13,600 ETH from exchanges over the past three weeks, totaling about $47 million. This marks the whale's first significant accumulation in over two years, with the latest withdrawal occurring at an average price of around $3,456. The whale now holds 59,718 ETH, valued at approximately $210 million, as the current ETH price is $3,548.02.

Terms & Concepts
  • ETH: The native cryptocurrency of the Ethereum blockchain, used for transactions and smart contracts.
  • ICO: Initial Coin Offering, a fundraising method in which new cryptocurrencies are sold to investors.
  • Whale: An individual or entity that holds a large amount of cryptocurrency, influencing market dynamics.