Whale Investor Accumulates Massive Ethereum Holdings
A whale-level cryptocurrency investor has amassed around 24,380 ETH worth $71 million from the Kraken exchange since May 24, 2023, according to data provider Lookonchain.
The investor currently holds these assets at an average price of $2,180, resulting in an unrealized profit of $16.8 million.
The whale most recently purchased an additional 2,000 ETH around 12:30 today, with their closest prior purchase on February 19. While Ethereum’s price is just below the $3,000 threshold, the whale’s holdings could face a significant increase in value.
If Ethereum breaches the $3,000 mark, the whale’s ETH holdings would be worth approximately $73.1 million, bringing an unrealized profit of $19 million. This significant investment by the whale reflects optimism for ETH’s future price trajectory and potential for further growth.
(With inputs from Shikha Singh)
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