Ethereum

when

Stash

Trillion

An Ethereum address that had been dormant for six years suddenly came back to life and transferred 1,039 ETH (worth around $2.7 million) to cryptocurrency exchange Binance. The whale likely purchased the Ethereum holdings for an average price of $363.
If he chooses to sell at current market prices, he will make a staggering profit of over $2.3 million, a return on investment of more than seven times his initial outlay.
Related News: <a href="https://en.bitcoinsistemi.com/will-pension-funds-managing-35-trillion-in-the-us-buy-bitcoin-here-is-expert-opinion/" target="_blank" rel="noopener noreferrer nofollow">Will Pension Funds Managing $35 Trillion in the US Buy Bitcoin? Here is Expert Opinion</a>
However, when we examine the data, we see that the price of an ounce of gold in the same period was approximately $1,250 in dollar terms. Today, the dollar is traded at a price of approximately $2,500. In other words, if the Ethereum whale in question had bought gold in the same period instead of buying ETH, he would have made double the profit.
At the time of writing, ETH is trading at $2,610. At its peak in the last cycle, it had reached over $4,000.
Additionally, Wintermute, a leading crypto market maker, also deposited a significant amount of ETH to Binance in the past 24 hours, bringing their total deposit to 16,901 ETH (approximately $44.79 million).
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/altcoin-whale-who-hasnt-touched-his-stash-for-six-years-sold-it-all-today-heres-how-much-profit-he-made/" rel="noopener noreferrer nofollow">Altcoin Whale, Who Hasn’t touched His Stash for Six Years, Sold It All Today: Here’s How Much Profit He Made</a>

Altcoin Whale, Who Hasn’t touched His Stash for Six Years, Sold It All Today: Here’s How Much Profit He Made

Bitcoin Sistemi EN

Other articles published on Aug 17, 2024

Convex Finance (CVX) Price Poised For 25% Gains Next Week?

Rebar Launches New Product to Shield Bitcoin Users from MEV Attacks

AMP Price Prediction: Will AMP Price Record A 2X Surge This Q3?

VanEck and 21Shares Solana ETF Filings Removed From the Cboe Site

Dubai Court affirms the legality of crypto payments for salaries

Activision promises more customizable and smaller Call of Duty download files

Join our free newsletter for daily crypto updates!