Whale Sells 3000 ETH Worth $5.51 Million: Insights into $32 Million Profit with ETH

According to recent data from COINOTAG, a significant transaction has occurred on the crypto exchange Binance. A prominent whale, who reportedly profited over $32 million with Ethereum (ETH) since September 2023, recently deposited 3,000 ETH, equating to approximately $5.51 million. This transaction, which took place just 10 minutes ago, raises suspicions of liquidating assets, marking a notable pause of five months since the owner’s last ETH sale. Accumulating a robust total of 93,839 ETH at an average acquisition cost of $2,278 per token (totaling around $213 million), this whale is now nearing a point of significant liquidation. Currently, only 545 ETH remain in their wallet, indicating a strategic shift in their investment approach.