Ethereum Whale Banks $9.87M in Profit as ETH Sees 25% Weekly Surge
Main Idea
An Ethereum whale secured $9.87 million in profit following a 25% weekly surge in ETH, with significant whale activity and institutional adoption driving the rally.
Key Points
1. An Ethereum whale liquidated 8,005 ETH ($30.03 million) at $3,751, retaining 1,577 ETH ($5.96 million) after a 38% return on investment.
2. The whale initially invested 25 million USDT to acquire 9,188 ETH at an average price of $2,721, 12 days prior to the liquidation.
3. Ethereum whales collectively accumulated 818,410 ETH ($2.5 billion) on June 15, marking significant accumulation activity.
4. Institutional adoption surged, with BlackRock and Fidelity leading billions in Ethereum purchases, and Ethereum ETFs surpassing $5.5 billion in inflows.
5. ETH broke through the $2,700 resistance on July 10, triggering a 30% rally to a peak of $3,859.36, with technical analysis suggesting potential retracement but bullish structure remains intact.
Description
Ethereum whales have begun securing profits from their holdings as the premier altcoin has experienced a substantial 25% rally over the past seven days. On-chain analytics from Lookonchain reveal that a whale operating from wallet address “0x8C08” liquidated 8,005 ETH (valued at $30.03 million) at $3,751 just five hours ago, retaining 1,577 ETH ($5.96 million) as a strategic reserve position. Pullbacks are for buying on $ETH GM, First of all, I will start off with: This is NOT a bearish post on ...
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