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Crypto

ETH Whale Sells 42,000 Tokens to Galaxy Digital for $21 Million Profit

Guavy AI Editorial Team
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ETH
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A large Ethereum (ETH) holder, known as an ETH whale, has sold 42,000 tokens to Galaxy Digital for a significant profit. The entity accumulated a total of 52,000 ETH over two months at an average cost of $2,161 per token.

The sale occurred just seven hours ago and resulted in a realized profit of $21.12 million. This is based on the current price of ETH, which holds above the EMA50 support level of $2634.18.

The whale had purchased an additional 15,000 ETH yesterday at $2,751 per token. The sale suggests that the entity may be taking a profit from their position after the recent dip in ETH prices.

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