Whale Transfers 2,501 ETH to Binance, Securing $7.6M Profit

EmberCN monitoring revealed that a whale, who bought 6,918 ETH at $3,613 last November, initiated three transactions to transfer all tokens to Binance one hour ago.

ETH

Summary

EmberCN monitoring reported that a whale (address 0xe42...08A) purchased 6,918 ETH at $3,613 each in November last year and, after a nine-month hold, began transferring all tokens to Binance in three transactions one hour ago, netting a profit of $7.52 million.

Terms & Concepts
  • Ethereum (ETH): A decentralized blockchain platform supporting smart contracts and a wide range of decentralized applications.
  • Crypto Whale: An investor or entity holding large quantities of cryptocurrency, capable of influencing market trends.
  • Binance: A major global cryptocurrency exchange known for its wide selection of digital asset trading pairs.