Whale Activity Amid Ethereum Price Surge
In a recent report by Lookonchain, the cryptocurrency on-chain data analysis firm, notable whale activity has been observed amidst the surge in Ethereum prices. One whale reportedly made a profit of $154 million, while another suffered a loss of $183 million.
Whale Movement on Chain
Lookonchain highlighted the activity of two major whales, “0xee47” and “0x78D0.” The former increased their Ethereum holdings by 3,200 ETH, amounting to approximately $6.7 million. This accumulation comes after seven months of consistent ETH acquisition, resulting in unrealized profits of around $154 million. The latter whale acquired 12,680 ETH at an average price of $1,768 from the Kraken exchange, with total holdings reaching $26.16 million and an unrealized profit of approximately $3.7 million.
Another whale, “0xBf71,” deposited 30,001 ETH worth $62 million to finance, resulting in a total loss of $183 million.
Holding Steady at $2,000
Ethereum has maintained a position above the $2,000 threshold for the last five days following the registration of an iShares ETH Trust by BlackRock. This development led to a 9% increase in Ethereum’s value and caught the attention of both everyday investors and whales.
Hot Take: Ethereum Continues to Attract Whale Activity Amidst Price Surge
The recent surge in Ethereum prices has attracted significant whale activity, with notable profits and losses reported among major holders. As Ethereum continues to hold steady above the $2,000 threshold and gains attention from institutional investors like BlackRock, it remains an intriguing asset for both individual and large-scale investors alike.
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