Whale Realizes $1.65M Profit on 4943 ETH Trade After 8-Month Hold

Onchain Lens data shows a whale wallet executing major ETH sales at average prices around $3,957 and $3,863, reflecting significant and rapid market liquidity.

ETH
USDT

Summary

On August 9, Onchain Lens data revealed that a whale wallet sold 7,200 ETH at an average price of $3,957, generating approximately $28.49 million. Additionally, over the past 5 days, the same wallet sold 9,000 ETH at an average price of $3,863, amounting to roughly $34.76 million in USDT. These transactions underscore notable whale activity and high-volume ETH trading.

Terms & Concepts
  • ETH: The native cryptocurrency of the Ethereum blockchain used for various transactions and smart contracts.
  • whale: A trader or investor with large holdings of cryptocurrency, whose transactions can influence market movements.
  • USDT: A stablecoin pegged to the US Dollar, commonly used for trading and as a hedge against volatility in the crypto market.