Former Ethereum Foundation Whale Acquires 7,318 ETH in On-Chain Purchases
A historically dormant Ethereum whale with prior Foundation ties recently sold over 2,100 ETH for a profit, yet retains substantial holdings valued in the tens of millions.
ETH
Summary
An Ethereum whale previously linked to the Ethereum Foundation, already active with recent large ETH acquisitions, sold 2,136 ETH at an average price of $3,066 on December 8, generating a profit of $83,000. The sale occurred within a two-hour window, according to an on-chain analyst. Despite the liquidation, the whale still holds 7,290 ETH valued at approximately $22.61 million, underscoring the continued significant market presence of this address.
Terms & Concepts
- Ethereum Foundation: A nonprofit organization dedicated to supporting Ethereum blockchain development.
- Whale: A term for an individual or entity holding large amounts of cryptocurrency, capable of influencing markets.
- On-chain: Transactions recorded directly on a blockchain, providing transparency and verifiability.