On April 18th, COINOTAG News reported significant activity from a crypto whale, who previously realized a profit of $12.78 million through Ethereum (ETH). This individual recently augmented their holdings by acquiring approximately 6,000 ETH, which equates to a valuation of nearly $9.49 million. Notably, the majority of this ETH acquisition was sourced from Kraken, one of the leading cryptocurrency exchanges, at a cost basis of around $1,582 per ETH. This strategic investment illustrates a renewed confidence in Ethereum amidst evolving market conditions, as whales often influence price movements and market sentiment. Investors should monitor such developments closely, as they may indicate broader trends impacting the overall crypto market.
Source: https://en.coinotag.com/breakingnews/eth-whale-accumulates-6000-coins-worth-9-49-million-after-profiting-12-78-million/