Ethereum Whale Moves 15,000 ETH Worth $36.7 Million Amid Profit Surge

On November 3, recent data from COINOTAG revealed significant activity from a prominent whale investor in the Ethereum market. This entity, which initially acquired a staggering 96,638.9 ETH at an average purchase price of $1,567 in 2022, recently executed a transaction involving the transfer of 15,000 ETH to Kranken, amounting to nearly $36.7 million. This maneuver indicates a potential profit-taking strategy. Throughout the current year, this wallet has shifted an impressive 85,000 ETH to various trading platforms, reflecting a total valuation of approximately $250 million based on an average selling price of $2,953. Should the remainder of the holdings be liquidated, this whale stands to earn an additional $117 million, leaving behind a significant balance of 11,639 ETH. Such movements underscore the ongoing volatility and actionable strategies prevalent in the cryptocurrency landscape.