An unknown whale has managed to withdraw a huge amount of 64,000 ethereum from the market in 11 days. This information was unearthed by the blockchain analytics platform Loononchain, which is always on top of these types of huge transactions.
All in all, the whale’s purchases were worth $178.9 million.
The whale withdrew 11,587 $ETH($33.5M) from #Binance again just now.
And the whale has bought a total of 64,346 $ETH($178.9M) from CEX and DEX since Feb 8.https://t.co/YXTeXbkTnF pic.twitter.com/rma98RuO5d
— Lookonchain (@lookonchain) February 19, 2024
Whale is aggressively purchasing Ethereum
The blockchain explorer called Etherscan shows that the whale’s buying frenzy started on February 8 with the purchase of 1,100 ethereum. Followed by another purchase of 9,959 ethereum worth $24.67 million a few days later.
The price of $ETH is up ~7.5% today.
A smart whale withdrew 9,959 $ETH($24.67M) from #Binance before the price of $ETH increased.https://t.co/Z1kEKmU779 pic.twitter.com/Z4mWKC49mo
— Lookonchain (@lookonchain) February 13, 2024
Those ethers were purchased on Binance.
Then the whale with extremely deep pockets spent another $60 million in USDT to attract 21,353 ethereum at the price of $2,810. After that big purchase, the whale in question withdrew another 10,649 ethereum from Binance.
Crazy!
A whale bought a large amount of $ETH again before the price of $ETH rose today!
He withdrew 100M $USDT from #Binance and spent 60M $USDT to buy 21,353 $ETH at $2,810.
Then he also withdrew 10,649 $ETH($30.68M) from #Binance. pic.twitter.com/ULNmfPwm2F
— Lookonchain (@lookonchain) February 19, 2024
Yesterday, the investor casually added another 11,587 ethereum that he (or she) withdrew from Binance.
At the time of writing, the Ethereum price is ~$3,000, meaning the whale has already managed to make a decent profit on his purchases.
$222 million in Ethereum
If we can believe the data from Arkham Intelligence, this whale has now built a total stack of 74,383 ethereum. At current prices, those ethers are worth approximately $222 million.
Furthermore, the whale also has 5,419 worth of Staked Ethereum worth $16.02 million on Lido Finance’s DeFi platform.
The investor in question also still has $29.9 million in USDT in his wallets. This brings the total value of his investments to a huge amount of ~$268 million.
If Ethereum experiences a bull run as it did in the past, special things could happen for this whale. If his portfolio increases by 400 percent from here, he can officially call himself a billionaire.
Source: https://bitcoinmagazine.nl/nieuws/whale-koopt-binnen-2-weken-voor-178-miljoen-aan-ethereum
