On March 2nd, COINOTAG News reported a significant transaction in the cryptocurrency market as a prominent 2018 ETH whale liquidated an impressive 4,245 ETH for a staggering $9.44 million. This latest move contributes to an accumulating total of 16,499 ETH, valued at approximately $42.92 million, offloaded since February 15th. The Ethereum address in question made a deposit to Binance roughly eight hours prior to the report, indicating a potential sale. Notably, the whale’s original cost basis for this Ethereum was around $194, positioning them to realize substantial profits in the vicinity of $8.62 million should the assets be sold. Such transactions highlight the ongoing volatility and trading behaviors within the crypto landscape, reflecting both the strategic maneuvers of investors and the overall market dynamics.
Source: https://en.coinotag.com/breakingnews/eth-whale-sells-4245-eth-for-9-44-million-total-sales-reach-42-92-million-since-february/