Crypto Whales Cash Out Over $50M as Bitcoin and Ethereum Prices Soar
Two large cryptocurrency holders sold $51.19 million in Bitcoin and Ethereum as prices of the two largest cryptocurrencies rose sharply.
A whale identified as 0x4cee sold 5,250 ETH worth $11.76 million, realizing a $1.76 million profit, according to the latest update from Lookonchain.
This sale came as Bitcoin climbed 11.4% over the previous 24 hours to $71,835, while Ethereum gained 18.5% to $2,283 at the time of this writing.
A separate whale sold 550 BTC valued at $39.43 million and realized a $4.5 million profit.