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Whale Buys $29.99M in Ethereum, Sets Partial Sell Order on Cowswap

An Ethereum whale that purchased 7,632 ETH for $29.99M has sold 3,547 ETH for a profit and still holds over 4,000 ETH, reflecting significant gains.

ETH

Summary

A smart money address that bought 7,632 ETH at an average price of $3,928 on September 26 has sold 3,547 ETH, realizing $648,000 in profit. The remaining 4,085 ETH is valued at an unrealized gain of $2.44 million, with some ETH already sold at $4,510.

Terms & Concepts
  • ETH (Ethereum): The native cryptocurrency of the Ethereum blockchain, used for transactions, smart contracts, and decentralized applications.
  • Whale: A term used to describe an individual or entity that holds and trades large quantities of cryptocurrency, capable of influencing market prices.