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A Whale that Purchased Ethereum at 0.31 Dollar has Ended the Long-Lasting Selling Wave and has Started Buying.
One of the major investors participating in Ethereum's #Crypto Market Rebound# ETH( initial coin offering )ICO( process has started accumulating again, ending a sales wave that lasted for a year.
During the first coin offering of Ethereum, ETHs were sold at a price of 0.31 Dollar per coin. The fact that a significant amount of coins had already been mined through mining before the sale in the ETH network, which operates on a Proof of Work consensus system, caused a backlash.
According to on-chain data, the mentioned whale withdrew a total of 13,600 ETH from exchanges in the last three weeks. The total value of these purchases amounts to approximately 47 million Dollars.
The latest transaction just took place a few minutes ago, withdrawing 2,000 ETH at an average of $3,456 per ETH. This move draws attention as the Whale's first major accumulation move in the last two years.
A whale who invested 6,000 ETH in an exchange in the past has withdrawn more than double that amount from the market so far. The whale currently holds a total of 59,718 ETH in its on-chain wallet, with the value of its assets reaching approximately 210 million dollars. The current ETH price is around 3,730 dollars.
IT IS NOT INVESTMENT ADVICE