Whales Are Very Active: Ethereum Whale Tried Selling, Making 14,177% Profit, Three Whales Bought $27 Million in Three Altcoins!

While Etheruem (ETH) has been the altcoin that has attracted the most attention with its recent rise, reaching a new ATH of over $4,900 over the weekend has mobilized whales.

At this point, a new one has been added to the increasing number of old whale sales in recent times.

14,177 Percent Profit in Ethereum!

According to Lookonchain’s post, an ICO whale transferred 0.001 ETH for testing, which was interpreted as a sign that further sales were to come.

Accordingly, Ethereum ICO participant “0x42D3” transferred 0.001 ETH for testing after more than 10 years of dormancy.

He invested only $49 in ETH during the ICO and received 158. Now, his ETH holdings are worth $694,000.

This translates to a 14,177x return.

Another anonymous whale invested $29.8 million worth of altcoins called FORM into exchanges.

According to on-chain analyst EmberCN, an anonymous whale transferred 8 million FORM tokens (worth $29.8 million) to exchanges in recent hours. 5 million of this amount was deposited to Binance and 3 million to Gate.io. Such large inflows to exchanges are often perceived as a signal of potential selling activity. The whale still holds 22.03 million FORM tokens.

$27 Million Purchases Made in Three Altcoins!

While the giant ICO whale is preparing to sell Ethereum, other whales are seeing the pullback as an opportunity and continuing to accumulate altcoins.

Again, according to Lookonchain’s post, three whales have been accumulating WLD, AAVE, and UNI recently.

According to the data, whale 0xF436 has transferred 43,123 AAVE worth $13.87 million from exchanges in the last 2 days,

The new wallet 0xC0D9 recently acquired 9.325M WLD worth $8.86 million from Binance and

New wallet 0x4940 withdrew 408,557 UNI worth $4.11 million from Binance.

*This is not investment advice.

Continue Reading: Whales Are Very Active: Ethereum Whale Tried Selling, Making 14,177% Profit, Three Whales Bought $27 Million in Three Altcoins!