Whale Sells 8,982 ETH After 10-Month Hold, Gains $3M | Flash News Detail | Blockchain.News

Whale Sells 8,982 ETH After 10-Month Hold, Gains $3M

10/25/2024 4:53:22 PM

Whale Sells 8,982 ETH After 10-Month Hold, Gains $3M

According to Lookonchain, a cryptocurrency whale has sold all of their Ethereum holdings after holding them for over ten months. Initially, the whale withdrew 8,800 ETH, valued at $19.82 million, from the OKX exchange on January 6 and staked it. On October 17 and October 25, they deposited a total of 8,982 ETH, currently valued at $22.93 million, back to OKX, realizing a profit of approximately $3 million. The whale's decision to sell now, rather than at a higher price in March, reflects a significant trading strategy shift. (Source)

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