Ethereum Whale Profits $1.52 Million After Liquidating 7,500 ETH: A Deep Dive into Recent Market Moves

According to recent reports from COINOTAG dated October 8, a notable crypto investor has executed significant movements in the Ethereum market. This investor, referred to as a whale, had previously achieved a profit of approximately $1.52 million by strategically purchasing 11,502 ETH at lower prices and selling at highs. On September 25, the whale liquidated 7,500 ETH, translating to a substantial $19.63 million, with the average selling price pegged at $2,575, resulting in an additional profit of $455,000. Just two hours prior to the report, this entity made another sale of 1,650 ETH and subsequently withdrew equivalent values in USDT and USDC from Binance, showcasing a calculated approach to capitalizing on market volatility. These trades highlight the ongoing manipulations and strategies players employ within the crypto landscape.