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Ethereum whale sells ETH after 900 days, missing $27M possible peak profit

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An Ether whale who had held 10,000 Ether for the last 900 days has sold their entire stash and missed out on a peak profit of $27.6 million when the cryptocurrency was worth over $4,000. 

The whale initially bought a total of 10,000 Ether (ETH) across two transactions in October and November 2022 for $13 million at the time for an average price of $1,295 per token, blockchain analytics service Lookonchain said in an April 8 X post.

“He didn’t sell when Ether broke through $4,000. But today, he exited with a $2.75 million profit. The profit at the…



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Ethereum whale sells ETH after 900 days, missing $27M possible peak profit


An Ether whale who had held 10,000 Ether for the last 900 days has sold their entire stash and missed out on a peak profit of $27.6 million when the cryptocurrency was worth over $4,000. 

The whale initially bought a total of 10,000 Ether (ETH) across two transactions in October and November 2022 for $13 million at the time for an average price of $1,295 per token, blockchain analytics service Lookonchain said in an April 8 X post.

“He didn’t sell when Ether broke through $4,000. But today, he exited with a $2.75 million profit. The profit at the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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