Whale’s Strategic ETH Liquidation: $3.23 Million Move with $950,000 Profit Potential

On May 31st, COINOTAG News reported that an Ethereum whale, previously positioned at an entry point of $1768 on April 25th, liquidated 1290 ETH—equivalent to approximately $3.23 million—just thirty minutes ago. This significant transaction showcases the whale’s ability to realize a profit of around $950,000 upon liquidation. However, it is worth noting that this amount reflects a decline of $360,000 compared to the peak price of $2788 recorded just the day before. Traders are closely monitoring these activities, as they not only indicate market sentiment but also underline the volatile nature of cryptocurrency investments, where timing can dictate substantial variations in profitability.