TechFlow News, June 26: According to on-chain analyst Yu Jin (@EmberCN), a long-term Ethereum whale—holding ETH for eight years—fully liquidated their position today. This whale received 37,602 ETH (valued at approximately $31.16 million at the time) in February 2018 at an average price of roughly $829 per ETH and had not sold any ETH since. Today, they sold their holdings in two batches: First, 17,598 ETH were sold for 27.245 million USDS (average price: $1,548 per ETH); then, the remaining ~20,000 ETH were fully liquidated, converted entirely into 58.69 million USDS at an average selling price of approximately $1,561 per ETH. The whale’s total profit amounted to roughly $27.53 million, representing an ~88% gain.
Add to Favorites
Share to Social Media
