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A smart whale with a flawless track record since October made a strategic move just 9 hours ago, acquiring 11,523 <a href="https://en.coin-turk.com/ethereums-journey-rising-amidst-the-crypto-market-gains/”>ETH at a price of $1,979. This investment of $22.8 million made waves in the crypto market. It should be noted that this move comes after a series of transactions in which the whale has achieved a 100% success rate in recent months. The development was shared on the Lookonchain X page.
Strategic Moves by the Whale
The Ethereum whale strategically entered the ETH market three times last month, earning an impressive total profit of approximately $4.5 million. Looking at the planned moves that contributed to this extraordinary winning streak, the whale first purchased 10,200 ETH at a price of $1,606, making an investment of $16.4 million. When Ethereum reached $1,891, the whale sold the acquired ETH, making a profit of $2.9 million.
Analyzing market trends effectively, the whale reappeared by purchasing 11,203 ETH at a price of $1,877. This transaction cost the whale $21 million, and when ETH reached $2,017, the whale sold it, earning a profit of $1.6 million.
The Whale’s Latest Transaction Remains Modest
The latest transaction of the Ethereum whale took place at a price of $2,005. The whale purchased 4,203 Ethereum, spending $8.4 million, and when ETH reached $2,018, it was sold, resulting in a modest profit of $54,000. As mentioned above, the whale continues its uninterrupted Ethereum investments.
This series of successful moves is a reflection of the strategic prowess of the smart whale. It also highlights the whale’s ability to navigate the volatile crypto market with precision. It is worth emphasizing that this strategic move by the whale implies an expectation of a new rise in Ethereum.
