Whale Nets $1.31 Million Profit from 4 Token Sale
A major whale's latest ETH deposit to Binance follows previous withdrawals, reflecting strategic positioning and significant profits in the volatile cryptocurrency market.
ETH
Fact Check
Multiple reputable sources, including CoinGecko, Panews, and The Block Beats, directly corroborate the statement, specifying that a whale sold 7.64 million '4' tokens for a profit of $1.31 million. Contradictory evidence from Odaily News, which mentions BNB tokens, appears to contain internal inconsistencies and is likely erroneous, strengthening the case for the original statement being true.
Summary
On October 11, a whale deposited 6,010 ETH worth $22.8 million to Binance, after previously withdrawing 86,001 ETH between June and August 2025, realizing a profit of $78.98 million. The whale still holds 64,981 ETH valued at approximately $250 million, highlighting a strategic approach to market movements.
Terms & Concepts
- Whale: A term used in cryptocurrency markets to describe an individual or entity that holds and trades large amounts of a digital asset, capable of influencing market prices.
- ETH: Ether (ETH) is the native cryptocurrency of the Ethereum blockchain, used for transactions, fees, and smart contract operations.