Sleeping Giant Cryptocurrency Whale Wakes Up: Opens Trades on Ethereum

A cryptocurrency whale known by the short address name 0x88e has emerged from a three-year dormancy.

A cryptocurrency whale known by the short address name 0x88e has emerged from a three-year dormancy. Balina, ortalama 1.542 dolar fiyattan Binance’e toplam 6.94 milyon dolar tutarında 4.500 Ethereum (ETH) yatırmaya başladı.

The 0x88e whale has been partially dormant for over three years, generating an estimated $15.56 million (+535%) profit from Ethereum. The whale accumulated 11,904 Ethereum from Bitfinex via an old address on June 23, 2020, for an average of $243.1 ($2.894 million) and remained dormant for nearly three years.

In 2022, the whale woke up to transfer the tokens to the current address 0x88e. No significant trading took place during this period, and the whale remained dormant for another year.

Recently, after not having any significant activity for three years, the whale began depositing 4,500 Ethereum on Binance at an average price of $1,542 ($6.94 million).

The whale currently holds another 7,404 Ethereum ($11.5 million) at address 0x88e. The estimated unrealized profit from these assets was recorded at $9.69 million.

At the time of writing this article, ETH price is trading at $1,547.

*This is not investment advice.