{"id":19331,"date":"2024-12-09T14:03:02","date_gmt":"2024-12-09T12:03:02","guid":{"rendered":"https:\/\/forklog.com\/en\/ethereum-whale-nets-146-million-after-two-year-hold\/"},"modified":"2024-12-09T14:03:02","modified_gmt":"2024-12-09T12:03:02","slug":"ethereum-whale-nets-146-million-after-two-year-hold","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/ethereum-whale-nets-146-million-after-two-year-hold\/","title":{"rendered":"Ethereum Whale Nets $146 Million After Two-Year Hold"},"content":{"rendered":"<p>An Ethereum whale has completed the withdrawal of 96,638.9 ETH ($374.87 million at the time of writing), initially purchased on Coinbase two years ago. On November 9, the whale transferred the final 11,638.9 ETH ($46.4 million) to the Kraken exchange.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-qw.googleusercontent.com\/docsz\/AD_4nXcAPtR2b2k5yo5ecJhpvbBnbRiyScDn9ProHOKrrRCMuWFSAH6n10M8NxZcZwuXtjfw9e98wbBAdrJ0MgImkvzTrHo9Vw165M0zZbreAkseBl8kuBjnlCBsKQF_cLBBS1U3y9Wz4Q?key=PDmh4kK3N-ki6PeY2PBHkr_a\" alt=\"ETH-\u043a\u0438\u0442 \u0437\u0430 \u0434\u0432\u0430 \u0433\u043e\u0434\u0430 \u0445\u043e\u0434\u043b\u0430 \u0437\u0430\u0440\u0430\u0431\u043e\u0442\u0430\u043b $146 \u043c\u043b\u043d\"\/><figcaption class=\"wp-element-caption\">Details of the whale&#8217;s last transaction of 11,638.9 ETH to Kraken. Data: <a href=\"https:\/\/intel.arkm.com\/explorer\/tx\/0x93fce6919492bfa97fb72df5b3c6d3ac643505dbef9f2fe711fac4fe61dafad1\">Arkham<\/a>.<\/figcaption><\/figure>\n<p>The estimated profit for the user <a href=\"https:\/\/x.com\/EmberCN\/status\/1865926093309628417\">amounted<\/a> to approximately $146 million \u2014 a 96% return on the initial investment.<\/p>\n<p>The whale acquired the coins in 2022 at $1567 each. From March to December 2024, the entire amount was withdrawn in eight transactions at an average price of $3078.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-qw.googleusercontent.com\/docsz\/AD_4nXdPa_JeZuFkmQSrY3DmQqT2FSKoBIfCQIvkXMg05s5DZLoyUk2005FHRwhvBPVk_4IKYc-TO3VLMBCklWbs9RldCtAqNFVctzHVfZsy2jNKIM41_kfl_R6YIDTua7tV54qPqILPQw?key=PDmh4kK3N-ki6PeY2PBHkr_a\" alt=\"ETH-\u043a\u0438\u0442 \u0437\u0430 \u0434\u0432\u0430 \u0433\u043e\u0434\u0430 \u0445\u043e\u0434\u043b\u0430 \u0437\u0430\u0440\u0430\u0431\u043e\u0442\u0430\u043b $146 \u043c\u043b\u043d\"\/><figcaption class=\"wp-element-caption\">Daily chart of ETH\/USD on Binance. Data: <a href=\"https:\/\/www.tradingview.com\/chart\/?symbol=BINANCE%3AETHUSD\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>At the time of writing, Ethereum is trading at $3880, with a market capitalization of approximately $468 billion.<\/p>\n<p>In early November, analysts at Lookonchain noted that a major Ethereum holder with 398,891 ETH in their wallet began selling coins after eight years of inactivity. The whale&#8217;s reactivation coincided with a price increase to $2800.<\/p>\n<p>On November 28, one of Ethereum&#8217;s co-founders, Jeffrey Wilcke, sent 20,000 ETH to the Kraken exchange \u2014 his fourth sale in 2024. This transaction occurred amid a price rise to $3700.<\/p>\n<p>Once again, whale transactions are aligning with Ethereum&#8217;s price surge. Experts have speculated that the coin could reach a new all-time high in the coming days. The previous record was set on November 10, 2021, at $4878.<\/p>\n<p>Previously, a trader known as Wolf suggested that Ethereum&#8217;s price could rise to $20,000, based on technical analysis of the chart over the past three years.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An Ethereum whale has completed the withdrawal of 96,638.9 ETH ($374.87 million at the time of writing), initially purchased on Coinbase two years ago. On November 9, the whale transferred the final 11,638.9 ETH ($46.4 million) to the Kraken exchange. Details of the whale&#8217;s last transaction of 11,638.9 ETH to Kraken. Data: Arkham. The estimated [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":19330,"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":[1227,46,1156],"class_list":["post-19331","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-transactions","tag-ethereum","tag-institutional-investors-and-whales"],"aioseo_notices":[],"amp_enabled":true,"views":"9","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/19331","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=19331"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/19331\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/19330"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=19331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=19331"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=19331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}