Ethereum

Gigachad

Million

Status

POPCAT

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/whales-execute-massive-ethereum-sales-worth-113-million/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Whales Execute Massive Ethereum Sales Worth $113 Million</a><br></p>
<p style="text-align: justify">One of the participants in Ethereum’s 2014 initial coin offering (ICO) sold approximately $113 million worth of ETH in the past two weeks.</p>
<h2 id="sales-activity">Sales Activity</h2>
<p style="text-align: justify">On-chain tracker Lookonchain reported that the whale transferred 5,000 ETH to a Kraken storage address on Monday, continuing a selling spree initiated last month.</p>
<p style="text-align: justify">Since September 22, the whale has sold a total of 45,000 ETH worth $113.2 million. The address still holds 94,500 ETH, valued at around $230.2 million.</p>
<p style="text-align: justify">Lookonchain indicated that the ICO participant acquired 150,000 ETH at a total cost of $46,500 in the genesis block, which means an average price of $0.31 per ETH. Recently, they sold 45,000 ETH at an average of $2,516, achieving a return of 811,513%.</p>
<p style="text-align: justify">As of the writing, ETH is trading at around $2,437.</p>
<h2 id="other-whale-activities">Other Whale Activities</h2>
<p style="text-align: justify">Lookonchain also highlighted another whale’s trading activities involving memecoins. This whale sold POPCAT for a profit and purchased GIGA. Currently, POPCAT is trading at $1.23, having lost about 7% in the last 24 hours, while Gigachad (GIGA) is trading at $0.0496, showing an increase of over 2% in the past day.</p>
<p style="text-align: justify">Such significant sales are believed to have considerable effects on the market.</p>
<h2 id="current-status">Current Status</h2>
<p style="text-align: justify">The movements of large whales in Ethereum and other <a href="https://en.coin-turk.com/fake-news-shakes-cryptocurrency-markets/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrencies</a> can lead to market fluctuations. It may be beneficial for traders to closely monitor these developments.</p>
<p>The post <a href="https://en.coin-turk.com/whales-execute-massive-ethereum-sales-worth-113-million/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Whales Execute Massive Ethereum Sales Worth $113 Million</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Whales Execute Massive Ethereum Sales Worth $113 Million

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