Back

Whale from October ETH Crash Accumulates Additional 19,108 ETH

An on-chain analyst reports the investor now holds over 120,000 ETH valued at $392 million after recent price dip accumulation.

ETH

Summary

An on-chain analyst revealed that the wallet responsible for the October 11 Ethereum (ETH) crash purchased an additional 19,108.69 ETH after a brief price drop. This accumulation brought its total holdings to 120,094.52 ETH, valued at $392 million, with an average entry price of $3,177.89. The position currently has an unrealized profit of $10.13 million.

Terms & Concepts
  • On-chain analyst: A researcher who studies blockchain data to track transactions, wallet behavior, and market trends.
  • Whale: A large cryptocurrency holder whose trades can significantly impact market prices.
  • Ethereum (ETH): A blockchain platform and cryptocurrency known for supporting smart contracts (self-executing blockchain code).