{"id":17178,"date":"2024-09-22T19:14:27","date_gmt":"2024-09-22T16:14:27","guid":{"rendered":"https:\/\/forklog.com\/en\/ethereum-whale-nets-131-million-in-two-years\/"},"modified":"2024-09-22T19:14:27","modified_gmt":"2024-09-22T16:14:27","slug":"ethereum-whale-nets-131-million-in-two-years","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/ethereum-whale-nets-131-million-in-two-years\/","title":{"rendered":"Ethereum Whale Nets $131 Million in Two Years"},"content":{"rendered":"<p>In 2022, an anonymous investor put approximately $151.42 million into Ethereum, turning it into $283.15 million. This caught the attention of analysts at Lookonchain.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">This is a smart diamond hand, buying <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a> in the bear market and selling <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a> in the bull market, making $131.72M!<\/p>\n<p>This whale bought 96,639 <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a>($151.42M) from <a href=\"https:\/\/twitter.com\/hashtag\/Coinbase?src=hash&#038;ref_src=twsrc%5Etfw\">#Coinbase<\/a> at $1,567 on Sept 3 and Sept 4, 2022.<\/p>\n<p> Then deposited 70,000 <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a>($214.34M) at $3,062 to <a href=\"https:\/\/twitter.com\/hashtag\/Kraken?src=hash&#038;ref_src=twsrc%5Etfw\">#Kraken<\/a> since Mar\u2026 <a href=\"https:\/\/t.co\/yuAe5LMy7h\">pic.twitter.com\/yuAe5LMy7h<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1837760199974858818?ref_src=twsrc%5Etfw\">September 22, 2024<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>On September 3 and 4, 2022, the investor acquired 96,639 ETH during a bear market at an average price of $1,567 on the cryptocurrency exchange Coinbase, spending a total of $151.42 million.<\/p>\n<p>Starting March 6, 2024, the user transferred 70,000 ETH in six transactions to the trading platform Kraken at a rate of $3,062, amounting to $214.34 million. On Coinbase, 26,639 ETH remained, valued at $68.81 million.<\/p>\n<p>Thus, over approximately two years, the investor earned about $131.72 million, an 87% increase.<\/p>\n<p>Experts at Spot On Chain noted that the last two deposits by this Ethereum whale occurred just before a sharp price drop of the second-largest cryptocurrency by market capitalization:<\/p>\n<ul class=\"wp-block-list\">\n<li>10,000 ETH \u2014 July 25 (-7.6%);<\/li>\n<li>15,000 ETH \u2014 August 20 (-2.5%).<\/li>\n<\/ul>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The diamond-hand whale \u201c0x682\u201d deposited 15,000 <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a> ($38.4M) to <a href=\"https:\/\/twitter.com\/hashtag\/Kraken?src=hash&#038;ref_src=twsrc%5Etfw\">#Kraken<\/a> again 8 hours ago!<\/p>\n<p>Notably, in the last 2 deposits, the whale unloaded <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a> right before the price dropped sharply, including:<br \/>\u2022 10K <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a> ($34.2M) on Jul 25, before a 7.6% price drop,<br \/>\u2022 15K <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a> ($39.7M)\u2026 <a href=\"https:\/\/t.co\/VZglPwpAFd\">https:\/\/t.co\/VZglPwpAFd<\/a> <a href=\"https:\/\/t.co\/cUNkwvL9VZ\">pic.twitter.com\/cUNkwvL9VZ<\/a><\/p>\n<p>\u2014 Spot On Chain (@spotonchain) <a href=\"https:\/\/twitter.com\/spotonchain\/status\/1837663788138701287?ref_src=twsrc%5Etfw\">September 22, 2024<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Previously, the investor, who had bought 16,636 ETH for $87,135 in February 2016, began partially realizing profits.<\/p>\n<p>In July, a whale who received 1 million ETH during the ICO started transferring assets to OKX. Over the month, they <a href=\"https:\/\/u1f987.com\/en\/news\/ethereum-ico-whale-transfers-154-million-in-eth-to-okx-in-a-month\">sent 48,500 ETH<\/a> to the platform at an average price of $3,176.<\/p>\n<p>In April, an early Ethereum investor <a href=\"https:\/\/u1f987.com\/en\/news\/ethereum-ico-participant-transfers-1069-eth-to-kraken\">moved<\/a> 1,069 ETH to the Kraken exchange.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In 2022, an anonymous investor put approximately $151.42 million into Ethereum, turning it into $283.15 million. This caught the attention of analysts at Lookonchain. This is a smart diamond hand, buying $ETH in the bear market and selling $ETH in the bull market, making $131.72M! This whale bought 96,639 $ETH($151.42M) from #Coinbase at $1,567 on [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":17177,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1227,46],"class_list":["post-17178","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-transactions","tag-ethereum"],"aioseo_notices":[],"amp_enabled":true,"views":"12","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/17178","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=17178"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/17178\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/17177"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=17178"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=17178"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=17178"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}