According to LookIntoChain monitoring as reported by COINOTAG on November 11th, a significant whale operation has been observed in the Ethereum market. Since November 7th, this entity has liquidated a total of 46,853 ETH, equivalent to approximately $138.8 million in USDC, following their substantial accumulation of 398,891 ETH at an average value of $2,920 per ETH. Recently, the investor initiated the sale of an additional 12,886 ETH which translates to roughly $41.24 million. Presently, this whale maintains a robust holding of 352,036 ETH, valued at around $12.7 billion. This movement reflects strategic adjustments in a volatile market and highlights the ongoing interests of large stakeholders in navigating the current cryptocurrency landscape.
Source: https://en.coinotag.com/breakingnews/whale-movement-398891-eth-accumulated-and-46853-eth-sold-for-usdc-gains/