Long -term Ethereum Whale has sold assets worth around 27.6 million dollars, perhaps generating benefits of more than 18,000% compared to the time they acquired their tokens, according to blockchain data.
The whale address began to receive ETH from another address in 2016, while it was a little more than $ 8 per part, Nansen data and breadcrumbs showed. This crypto had stayed dormant for years.
It is not clear if the “Millionaire de l’Eth” which collected Wednesday actually bought ETH in 2016, but it ended up in their portfolio.
During the last 24 hours, the holder exchanged his ETH against USDC de Stablecoin via the Uniswap decentralized scholarship, disappointing 18,437 pieces for 27.6 million dollars at today’s prices. Some of these ETH arrived in his assets in 2022.
The investor cashed the ETH in small transactions of more than 1,400 parts at a time, depending on the data. This may be due to the fact that the movements of large “hodlers” can scare investors, because observers and industry traders often expect the sale of action with such important transfers.
ETH whales hold at least 10,000 ETH, worth almost $ 15 million.
Blockchain data does not reveal whether these investors are individuals or businesses.
ETH was exchanged recently for $ 1,517 per room, down more than 7% over a period of 24 hours, according to COIGECKO data from the cryptographic data supplier shows. The second largest cryptocurrency by market capitalization is around 70% below its highest $ 4,878.
The cryptography market has experienced more volatility than usual, as President Trump’s pricing announcements have led investors to sell stocks and other “risk” assets such as cryptocurrencies.
Edited by James Rubin
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