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A Ethereum whale Threw his eTH ethics after having kept them for more than two years, even on a bull market. This capitulation of the Whale ETH suggests that it could be the right time to unload the Altcoin Leader, with another crash in the coming weeks.
In a X postThe Lookonchain chain analysis platform revealed that a Ethereum whale Finally capitulated after having detained for more than 900 days, selling all their 10,000 ETH for $ 15.71 million. This whale initially bought 10,000 ETH for $ 12.95 million at an average price of $ 1,295 on October 4 and November 14, 2022.
The Ethereum whale has not sold any of their ETH participations, even when the Altcoin Leader broke out $ 4,000 twice in 2024. However, the whale has now capitulated with the Ethereum Prize Below $ 1,500, approaching their average entry price of $ 1,295. The investor sold the parts for a profit of 2.75 million dollars, while their unrealized profit was 27.6 million dollars at its peak.
This Ethereum whale is not the only one to capitulate. As the bitcoinist reported, ETH whales threw Over 500,000 parts of parts in 48 hours. This evolution is thanks to the massive accident of Ethereum, with the main Altcoin in danger of falling. This drop is part of a wider crypto market crash, which occurred due to Donald Trump prices.
Trump’s prices have led to a great trade war with China, which promised not to retreat, aroused the concerns of investors more. As such, the Ethereum price seems more likely to undergo a new accident in the meantime, which explains why these Ethereum whales are capitulating to reduce their losses.
Donald Trump World Liberty Financial (WLFI)An Ethereum whale seems to feel the heat and may have already started to capitulate. Citing the data of Arkham Intelligence, Lookonchain revealed that a portfolio may be linked to WLFI sold 5,471 ETH for $ 8.01 million at a price of $ 1,465, representing a loss for the whale in question.
World Liberty Financial had previously bought 67,498 ETH for $ 210 million at an average price of $ 3,250. The crypto firm is now seated with an unrealized loss of $ 125 million, since the Ethereum price has decreased by more than 50% since their purchases.
Cryptographic analyst Ali Martinez Predicts that the Ethereum price will block further in the short term, indicating that Ethereum whales like WLFI could attend more losses made on their ETH assets. Martinez said $ 1,200 could be the place where Altcoin Leader finds its base.
At the time of writing, the Ethereum price is negotiated at around $ 1,400, down more than 8% in the last 24 hours data from CoinMarketCap.
Felash star image, tradingView.com graphic
post url: https://altcoin.observer/major-ethereum-whale-unloads-10000-ethn-after-2-years-is-it-time-to-go-out/