Ethereum

Bitcoin

After the FED interest rate decision announced yesterday, Bitcoin is approaching the $ 43,000 limit again, while the largest altcoin Ethereum is at $ 2,280.
While BTC and altcoins were gaining momentum after the FED, a new move came from an early Ethereum whale.
Lookonchain said in its post that the early Ethereum investor bought ETH at approximately $60 in 2017 and woke up after 3 years of inactivity.
Accordingly, after 3 years of sleep, the whale deposited 5,000 of its ETHs to the crypto exchange Coinbase.
<blockquote>
 “A whale, which has been inactive for approximately 3 years, deposited 5,000 ETH (worth $11.3 million) to Coinabse 3 hours ago.
 The whale currently has 20,398 ETH (worth $45.88 million) left.”
</blockquote>
Lookonchain also added that the whale bought ETH from Bitfinex in 2017 when the price was around $60.
Accordingly, while this whale's ETH transfer to Coinbase is considered as preparation for a profit sale, if the whale sells these ETHs, it will make a profit of approximately 38 times the purchase price.
<blockquote class="twitter-tweet">
 A whale that has been dormant for nearly 3 years deposited 5,000 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a>($11.3M) to <a href="https://twitter.com/hashtag/Coinbase?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Coinbase</a> 3 hours ago and currently has 20,398 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a>($45.88M) left.
 The whale received <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a> from <a href="https://twitter.com/hashtag/Bitfinex?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitfinex</a> in 2017 when the price was ~$60.<a href="https://t.co/bSAWFB8XYe" rel="noopener noreferrer nofollow">https://t.co/bSAWFB8XYe</a> <a href="https://t.co/WtvEdeNH9L" rel="noopener noreferrer nofollow">pic.twitter.com/WtvEdeNH9L</a>
 — Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1735117364491075800?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 14, 2023</a>
</blockquote>

*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/whale-buying-ethereum-at-60-made-38x-eth-sales-started/" rel="noopener noreferrer nofollow">Whale Buying Ethereum at $60 Made 38x! ETH Sales Started!</a>

Whale Buying Ethereum at $60 Made 38x! ETH Sales Started!

Bitcoin Sistemi EN

Other articles published on Dec 14, 2023

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