Crypto
Ethereum Whale Amasses $100 Million Amid Price Dip
A crypto whale has been accumulating large amounts of Ethereum (ETH) despite the recent price dip. According to blockchain tracker Lookonchain, this 'smart money' investor has amassed nearly $100 million worth of ETH since May 24th.
The average buying price for this whale's ETH purchases is around $2,420, with an unrealized profit of approximately $7.5 million. Since late May, they have scooped up about $70 million in ETH, all coming from the largest crypto exchange, Binance.
This investor has a perfect track record of profitable trades, with a 100% win rate since late May. They have bought significant amounts of ETH on multiple occasions, including 2,424 ETH ($7.22 million) and 19,436 ETH ($68.25 million).