On December 3rd, COINOTAG reported significant activity from a notable entity dubbed the “ETH Swing Trading Success Rate 83.3% Whale.” This trader has strategically liquidated a portion of their holdings, selling 1434 WETH at an average price of $3647. This transaction, executed within the last two hours, generated profits amounting to $56,000, contributing to a total sale value of $5.23 million. Remarkably, the whale retains a substantial position with 5419 WETH still being held, wherein the average acquisition cost stands at $3706 per coin.
Prior to this sell-off, the whale had capitalized on a market dip earlier that day, accumulating 1434 WETH for $5.17 million at a favorable price of $3607.9. To date, throughout the 19th trading cycle, the entity has amassed a total of 6854 WETH valued at approximately $25.1 million, with a collective average cost price of $3662 per coin. This strategic positioning underscores the whale’s astute trading approach amidst cryptocurrency market fluctuations.