Ethereum

2024

Bitcoin

Giant

Bitcoin (BTC) and altcoins experienced a major crash over the weekend, with Bitcoin falling to $52,500 while Ethereum fell to $2,150.
While investors were selling wildly during this decline, Metalpha, one of the leading cryptocurrency investment companies, also made a massive ETH sale.
According to Lookonchain's post, Metalpha moved $23 million worth of ETH to Binance today.
Accordingly, an address associated with Hong Kong-based asset manager Metalpha deposited 10,000 ETH to Binance.
Lookonchain also added that this address associated with Metalpha transferred a total of 23,589 ETH worth $54.1 million to Binance over the last three days.
<h2 id="giant-whale-started-bottom-purchasing">Giant Whale Started Bottom Purchasing!</h2>
While Metalpha continues to sell ETH, a smart whale bought 5,000 ETH worth $11.46 million from the bottom in the last 2 days.
This whale purchased $5,200 ETH at an average price of $1,322 in November 2022. The whale then sold all of its ETH in January, December 2023, and January 2024 at an average price of $2,093, earning more than $4 million.
Ethereum continues to trade at $2,311 at the time of writing.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 A smart whale bought 5,000 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a>($11.46M) at the bottom again in the past 2 days!
 The whale bought 5,200 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a> at an average price of $1,322 in November 2022.
 Then sold it at an average price of $2,093 in January, December 2023, and January 2024, making more than $4M!… <a href="https://t.co/yTKB12dU4i" rel="noopener noreferrer nofollow">pic.twitter.com/yTKB12dU4i</a>
 — Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1832996712451104993?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 9, 2024</a>
</blockquote>
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*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/ethereum-eth-wind-blows-in-the-markets-giant-corporate-whale-sold-bottom-whale-started-buying-again/" rel="noopener noreferrer nofollow">Ethereum (ETH) Wind Blows in the Markets! Giant Corporate Whale Sold, Bottom Whale Started Buying Again!</a>

Ethereum (ETH) Wind Blows in the Markets! Giant Corporate Whale Sold, Bottom Whale Started Buying Again!

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