According to recent data from COINOTAG News, on December 1st, a prominent crypto whale has made significant movements in the Ethereum market. The entity, known for averaging down with a purchase of 58,400 ETH at around $2265 starting in May 2023, has recently transferred 3000 ETH to Binance, amounting to approximately $11.11 million within the last nine hours. In a remarkable trading strategy, this whale has sold 8000 ETH over the last six days, securing an impressive profit nearing $10.94 million.
This whale has previously capitalized on market fluctuations, earning $18.99 million from strategic trading between November 2023 and April 2024. As of now, the entity retains a substantial 52,000 ETH in assets, underscoring the importance of these large players in overseeing market liquidity and price stability. Such movements highlight the potential impact of whale activity on the broader crypto landscape.
Source: https://en.coinotag.com/breakingnews/whale-moves-3000-eth-to-binance-after-profiting-10-94-million-insights-on-the-dominance-of-ethereum/