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Ethereum Whale May Have Secretly Emptied 14,000 ETH: It Bought at 200 Dollars! - Coin Bulletin
An Ethereum whale that has been dormant since 2016 may have sold a large amount of ETH through Wintermute.
An Ethereum (ETH) whale is estimated to be about to sell 14,000 ETH via Wintermute OTC. If the sale goes through, the whale will have made a profit of $29.07 million.
Recently, 0x035... It is stated that the funds belonging to the address 8dFC7 are the subject of this sale. Between 2016 and 2018, the address withdrew 35,932 ETH at an average price of $203.22. At the time, ETH was trading in the $10-$300 range until it rallied during the 2017 bull run.
The whale's right investment led to a gain of more than 1,300 percent. If the whale had sold two months ago, when ETH was approaching $4,000, that profit could have almost doubled.
The movements of large Ethereum whales that make long-term investments can have significant effects on the market. The possibility of a whale selling 14,000 ETH** could cause short-term volatility in the market.