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<p class="is-style-lead">In a Nov. 14 post, the cryptocurrency on-chain data analysis firm Lookonchain reports whale activity amid Ethereum price surge.</p>
<p>Notable sales have included a $154 million profit for one whale and a loss of $183 million for another.</p>
<h2 class="wp-block-heading" id="whale-movement-on-chain">Whale movement on chain</h2>
<p>In the thread, Lookonchain points to the whale at address “0xee47,” that has reportedly increased their Ethereum (<a href="https://crypto.news/price/ethereum/" data-type="link" data-id="https://crypto.news/price/ethereum/" rel="noopener noreferrer nofollow">ETH</a>) holdings by 3,200 ETH, equivalent to approximately $6.7 million. This accumulation comes seven months after the whale initially began acquiring ETH on July 5, 2022. Presently, their holdings stand at 183,742 ETH, valued at around $387.8 million, reflecting an unrealized profit of approximately $154 million.</p>
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   <p lang="en" dir="ltr">Bullish or Bearish on <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETH</a>?<br><br>Did SmartMoneys and Whales buy or sell <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETH</a> over the past week?<br><br>1/🧵<br><br>Here is a thread. <a href="https://t.co/8yvCO0UI9H" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/8yvCO0UI9H</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1724376198665605381?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">November 14, 2023</a>
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<p>In a parallel occurrence, another whale at address “0x78D0” has been actively accumulating ETH since May 24. This particular whale reportedly acquired 12,680 ETH at an average price of $1,768 from the Kraken exchange. As of the latest available data, their total holdings amount to $26.16 million, with an unrealized profit reaching an estimated $3.7 million.</p>
<p>You might also like: <a href="https://crypto.news/ethereum-and-everlodge-price-prediction-dogecoin-foundation-member-issues-warning/" rel="noopener noreferrer nofollow"> Ethereum and Everlodge price prediction: Dogecoin Foundation member issues warning </a></p>
<p>At the same time, whale “0xBf71” deposited 30,001 ETH, worth $62 million to finance, in what is a total loss of $183 million.</p>
<h2 class="wp-block-heading" id="holding-steady-at-2-000">Holding steady at $2,000</h2>
<p>Over the last five days, Ethereum has maintained a position above the $2,000 threshold following the registration of an iShares ETH Trust by BlackRock, the world’s largest asset manager boasting $9.4 trillion in assets under management.</p>
<p>The trust was officially registered on Nov. 9, and in the aftermath of this development, Ethereum experienced a 9% increase gaining the attention of the everyday investor and whale alike.</p>
<p>Read more: <a href="https://crypto.news/ethereum-maintains-position-above-2k-after-etf-proposal-surge/" rel="noopener noreferrer nofollow"> Ethereum maintains position above $2k after ETF proposal surge </a></p>

Lookonchain reports whales are dominating the Ethereum market with big sales

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