On March 20th, COINOTAG reported an intriguing development in the Ethereum market involving the notable whale address nemorino.eth. This entity capitalized on a strategic purchase of ETH at a price point of $1,906 just two days prior to this report. Following this acquisition, the price of Ethereum experienced a substantial surge, elevating by more than $100 within a 24-hour period.
In a calculated move, nemorino.eth liquidated a significant portion of their holdings, selling 2,500 ETH at an impressive rate of $2,021 approximately eight hours ago. This transaction effectively converted their assets into 5.05 million USDC, culminating in a notable profit margin of $287,000. Such maneuvers underscore the heightened volatility and potential for lucrative opportunities within the cryptocurrency landscape, making ETH an exciting asset for traders.