On May 26th, COINOTAG News reported a remarkable resurgence of a key player in the cryptocurrency market. According to insights from Onchain Lens, a significant *whale* has re-emerged after a four-year hiatus, executing a massive transfer of 97,001 *ETH*, valued at approximately $2.4864 billion, across three distinct wallets. Additionally, this whale transacted 137 ETH, equivalent to $351,000, to the *Bitstamp* exchange. Notably, this entity had previously extracted 101,390 ETH from both *Binance* and Bitstamp four to five years earlier, measured then at $67.18 million. With current valuations propelling the total holdings to a staggering profit margin of $192.38 million, this move underscores the potential volatility and lucrative opportunities inherent in the *cryptocurrency* market, drawing attention from investors and analysts alike as a key development in ongoing market dynamics.
Source: https://en.coinotag.com/breakingnews/whale-activity-resurfaces-97001-eth-transferred-as-profits-surge-to-192-38-million/