Investor Unloads $29.35 Million in ETH Following Period of Inactivity: Report by Lookonchain
Hey there, let's dive into the latest happenings in the crypto world!
Ethereum Whale Activity
A significant Ethereum holder, who participated in the ICO, has become active after years of dormancy, selling nearly $30 million worth of ETH in less than a month. The entities have sent their coins to the exchange Kraken, presumably to be sold. Interestingly, this individual has unloaded 16,500 ETH ($29.35 million) at an average price of $1,779, still holding 13,500 ETH ($24.82 million).
Lookonchain, a blockchain tracker, commented on this activity, mentioning that the investor sold another 1,500 ETH ($1.76 million) on May 3rd. Could this be a whale swimming towards the shores for good or bad? Time will tell.
TRUMP Memecoin
Meanwhile, deep-pocketed holders of the Official Trump (TRUMP) memecoin have been unloading the asset, incurring losses. Two whales dumped 765,128 TRUMP ($8.58 million) at a loss of approximately $2.34 million! This sale has raised questions about the sentiment surrounding the memecoin and whether this is a temporary market correction or a longer-term trend.
Profitable Bitcoin Whale
Lookonchain also found a mysterious Bitcoin (BTC) whale, who has made a significant profit by going long on Bitcoin and various altcoins, including Ethereum, Solana, Litecoin, Ripple, and Chainlink. The whale reportedly bought 309 BTC ($24.68 million) at an average price of $79,792, currently sitting on unrealized profits of more than $5 million.
To get the latest cryptocurrency updates, be sure to follow us on X, Facebook, and Telegram. Don't miss a beat by subscribing to get email alerts directly to your inbox!
Industry Announcements
- Pepeto to Launch on Exchange Following Presale Wrap-Up and Platform Milestones
- BC.GAME Launches Phase 2 of Social Mining Campaign, Expanding Ecosystem Engagement with $BC Token
- KuCoin CEO BC Wong Joins Industry Leaders at TOKEN2049 - Highlights Path Toward a Safer, Smarter Crypto Future
That's it for now, stay tuned for more crypto insights!
Disclaimer: The opinions expressed here are not investment advice. Investors should conduct their own due diligence before engaging in high-risk investments in Bitcoin, cryptocurrency, or digital assets. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
- The cryptocurrency market is buzzing as a significant Ethereum holder, who has been dormant for years, sold nearly $30 million worth of Ethereum in less than a month, raising questions about the market's future movements.
- In another development, holders of the Official Trump memecoin are offloading the asset, with two whales selling 765,128 TRUMP for a loss of approximately $2.34 million, causing concern about the asset's sentiment and potential market trends.
- Some good news comes from the discovery of a Bitcoin whale who made a substantial profit by strategically going long on Bitcoin and several altcoins, including Ethereum, Solana, Litecoin, Ripple, and Chainlink.
- Meanwhile, in the world of finance, Pepeto is set to launch on an exchange following the completion of its presale and significant platform milestones. BC.GAME has also launched Phase 2 of its social mining campaign, aiming to expand its ecosystem engagement with the $BC token. Lastly, KuCoin's CEO, BC Wong, shared insights about the path towards a safer and smarter cryptocurrency future at TOKEN2049. Always remember, the opinions expressed here are not investment advice, and individuals should conduct their own due diligence before making high-risk investments in Bitcoin, cryptocurrency, or digital assets. Stay tuned for more crypto insights!
