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 <p class="is-style-lead">In a Nov. 14 post, the cryptocurrency on-<a rel="noopener noreferrer nofollow" title="chain" href="https://thebittimes.com/tag/chain.html">chain</a> data <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> firm Lookon<a rel="noopener noreferrer nofollow" title="chain" href="https://thebittimes.com/tag/chain.html">chain</a> <a rel="noopener noreferrer nofollow" title="reports" href="https://thebittimes.com/tag/reports.html">reports</a> <a rel="noopener noreferrer nofollow" title="whale" href="https://thebittimes.com/tag/whale.html">whale</a> 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 (ETH) 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 $ETH?<br><br>Did SmartMoneys and Whales buy or sell $ETH over the past week?<br><br>1/<br><br>Here is a thread. pic.twitter.com/8yvCO0UI9H</p>— Lookonchain (@lookonchain) November 14, 2023
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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>
 <div class="cn-block-related-link">
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 <p>At the same time, <a rel="noopener noreferrer nofollow" title="whale" href="https://thebittimes.com/tag/whale.html">whale</a> “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 <a rel="noopener noreferrer nofollow" title="whale" href="https://thebittimes.com/tag/whale.html">whale</a> alike.</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Ethereum maintains position above $2k after ETF proposal surge
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/lookonchain-reports-whales-are-dominating-the-ethereum-market-with-big-sales-tbt70258.html">https://thebittimes.com/lookonchain-reports-whales-are-dominating-the-ethereum-market-with-big-sales-tbt70258.html</a></p>

Lookonchain reports whales are dominating the Ethereum market with big sales

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