Crypto
Ethereum Whale Amasses $100 Million Amid Price Dip
A mysterious Ethereum whale has been accumulating significant amounts of ETH in recent weeks. According to blockchain tracker Lookonchain, this 'smart money' has amassed nearly $100 million worth of ETH since May 24th.
The average buying price for the whale was $2,420 per ETH, with an unrealized profit of around $7.5 million. Since late May, they've scooped up about $70 million in ETH, mostly from Binance.
This isn't the only interesting development in crypto right now. Another whale dumped their entire Pepe (PEPE) stash into Binance just hours ago, netting a 199% return on investment.