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

Michael Saylor Invites Public to Embrace Bitcoin as MicroStrategy Stock Soars

Michael Saylor, CEO of MicroStrategy and a vocal advocate...

Analyst Predicts Strong Q3 for Robinhood Amid Trading Volatility

Piper Sandler analyst Patrick Moley has indicated that the...

Babylon Staking Platform Attracts $1.5 Billion in Bitcoin

Babylon, a Bitcoin staking platform designed to enhance the...

Cryptocurrencies Show Resilience Amidst Traditional Market Moves

Cryptocurrencies demonstrated surprising stability on Tuesday, remaining largely unaffected...

Crypto Sues SEC Over Alleged Overreach in Cryptocurrency Regulation

On Tuesday, Crypto filed a lawsuit against the Securities...

Canary Capital Group Files for XRP ETF Amid Growing Regulatory Optimism

Canary Capital Group, a newly established digital asset investment...