ETH Wallet Liquidates 362 ETH to Binance, Eyes $1M Profit with 237% ROI

BlockBeats reports that an ETH whale, who built its position at $1237 three years ago, made three small deposits before liquidating its holdings, targeting a $1.066M profit.

ETH

Summary

According to BlockBeats, an ETH whale that built its position at an average of $1237 three years ago recently made three small deposits to a trading platform before liquidating its holdings. If fully sold, the position would yield approximately $1.066 million in profit, reflecting a 237% return on investment.

Terms & Concepts
  • Ethereum (ETH): A decentralized blockchain platform known for its smart contract functionality, widely used in decentralized finance and NFTs.
  • On-chain Analysis: A method for examining blockchain data to gain insights into investor behavior and market trends.