CryptoETHAmid ETH price spike, top Ethereum investor unloads tokens in epic move

Amid ETH price spike, top Ethereum investor unloads tokens in epic move

In a strategic move, a major investor with a proven track record of trading Ethereum (ETH) has capitalized on the recent price spike by selling a substantial amount of his holdings.

reports that this savvy trader successfully sold all 2,850 ETH, worth a staggering $6.35 million, at an impressive price of $2,230 within the last six hours. The calculated maneuver resulted in a remarkable profit of approximately $457,000.

This experienced investor has a commendable trading history, having made 25 transactions in the past year. Impressively, the trader came out on top in 20 of these trades, consistently selling at prices higher than the initial purchase and accumulating an impressive total profit of over $3 million.

All Eyes on the Ethereum Price

Currently, the price of has soared to $2,250, marking a crucial milestone. Importantly, the altcoin has crossed this threshold in the past in a downward trajectory, but today’s trajectory is undeniably upward.

ETH to USD As the eyes turn to the next important level, speculation looms over whether ETH will reach the $3,500 milestone. Equally intriguing is the interpretation of the successful trader’s decision to sell positions at this pivotal moment. From an investor’s perspective, the altcoin has reached its current targets.

The question now is: are we on the verge of a correction, or has the market outplayed this seasoned whale? The crypto community awaits the unfolding of this high-stakes narrative.

Share This Post

Andrew
Andrew
Self-taught investor with over 5 years of financial trading experience Author of numerous articles for hedge funds with over $5 billion in cumulative AUM and Worked with several global financial institutions. After finding success using his financial acumen to build an investment portfolio, Andrew began writing and editing articles about the cryptocurrency space for sites such as chaincryptocoins.com, ensuring readers were kept up to date on hot topics such as Bitcoin and The latest news on digital currencies and Ethereum.

Related Posts

Bitcoin ETFs See $802.5M Inflows as BTC Holds Steady Above $105K

Spot Bitcoin exchange-traded funds (ETFs) in the United States...

Vitalik Defends Ethereum Foundation Amid Leadership Criticism

Ethereum co-founder Vitalik Buterin has addressed growing criticism surrounding...

BNB Chain Surpasses Ethereum in DEX Volume Amid Price Drop

Binance Coin (BNB) experienced a slight dip on Monday,...

BNB Chain Launches No-Code Meme Solution to Fuel Crypto Creativity

BNB Chain has unveiled a new no-code solution that...

Ethereum Foundation Launches Multisig Wallet to Enter DeFi Ecosystem

The Ethereum Foundation, the non-profit entity behind the Ethereum...

TRUMP Token Drops 40%, Large Investors Bet on Rebound

The TRUMP token, a meme coin associated with former...