Whale Sells 6,384.5 ETH for $15.5 Million USDT: Key Insights into Ethereum’s Market Moves
ETH/USDT
$39,049,302,904.94
$2,145.26 / $2,009.54
Change: $135.72 (6.75%)
-0.0018%
Shorts pay
In a recent development reported by COINOTAG, a significant transaction has occurred within the Ethereum landscape. On May 19th, tracking by EmberCN revealed that a major investor liquidated a staggering 6,384.5 ETH for approximately 15.549 million USDT. This strategic move enabled the investor to realize a profit of $4.26 million over the past month alone.
Notably, this whale had previously withdrawn 6,710 ETH from Binance about a month prior, acquiring these tokens at a price point of $1,768. In just four hours, the investor executed the transfer of 6,384.5 ETH back to Binance, reflecting a calculated selling decision that netted an average price of $2,435 per ETH.
This transaction underscores the dynamic nature of the cryptocurrency market, where large-scale operations can influence trading patterns and liquidity. As Ethereum continues to evolve, such movements warrant close observation from market participants and analysts alike.