In a recent market development, an Ethereum (ETH) whale executed a significant transaction, selling 12,975 ETH for approximately $3,343 each, ultimately converting the holdings into 43.38 million USDT. According to Watcher Guru, the data indicates that this notable sale primarily comprises assets acquired from January 9th to January 13th. During this timeframe, the whale amassed a total of 17,125.6 ETH at an average price of around $3,191. The strategic selling of 16,112.3 ETH in the days following resulted in an impressive profit, totaling about $1.11 million, as sales were made at an average price of $3,260. Such transactions underscore the ongoing volatility and profit-making opportunities within the Ethereum market, reflecting broader trends in the cryptocurrency landscape.
Source: https://en.coinotag.com/breakingnews/eth-whale-profits-1-11-million-after-selling-12975-eth-in-major-transaction/
