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The Whale Holding Ethereum for 900 Days Didn't Sell at 4,000 Dollars, Sold All at Once Now! - Coin Bulletin
A whale holding approximately 900 days worth of Ethereum (ETH) said goodbye to the market today by selling all its assets in a single transaction.
According to data shared by the cryptocurrency tracking platform Lookonchain, a large-scale investor has sold 10,000 ETH today for approximately 15.71 million dollars. This whale had initially purchased ETH for a total of 12.95 million dollars at an average price of 1,295 dollars on October 4 and November 14, 2022.
The investor who had maintained his position for a long time had not sold despite the Ethereum price previously exceeding 4,000 dollars.
The whale made a total profit of 2.75 million dollars from the sale it conducted today after approximately 900 days of waiting. However, another noteworthy point is that if this investor had sold during the peak price of Ethereum, their profit would have been at the level of 27.6 million dollars.
Missed the Profit at the Top
It appears that the whale investor missed the opportunity to realize maximum potential profit by not selling when the ETH price was at its peak. Such timing preferences made by investors are common due to the volatile nature of the market. The question of how Ethereum will perform in terms of price movement in the short term after this sale has become a topic of interest.