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Ethereum Whale Moves 1,000 ETH After Two-Year Dormancy

Ethereum Whale Moves 1,000 ETH After Two-Year Dormancy

An Ethereum whale who acquired 2,817 ETH in 2019 for $210 each made a 20x return, selling 2,538 ETH for $4,163 each, underscoring substantial profit from long-term holdings.

ETH

Summary

An Ethereum whale, who purchased 2,817 ETH for $210 each in September 2019, recently sold 2,538 ETH at $4,163 each, realizing a profit of $11.13 million. This sale represents a 20x return on investment, further emphasizing the market influence of large, long-term holdings.

Terms & Concepts
  • ETH (Ethereum): The native cryptocurrency of the Ethereum blockchain, used for transactions, decentralized applications, and smart contracts.
  • Whale: A term for an individual or entity holding large amounts of cryptocurrency, capable of influencing market prices through sizable transactions.