Lookonchain<\/a><\/strong>, a whale who had been loyal to Ethereum for the past year has begun selling their holdings.<\/p>\nLast year, when the price was around $1,890, this whale purchased 12,906 Ethereum worth $24.3 million through Binance and deposited it into the DeFi platform Lido Finance. This allowed them to benefit from both Ethereum’s price appreciation and passive income opportunities for a year.<\/p>\n
On April 30th, the whale withdrew 7,000 Ethereum from their Lido Finance holdings. Then, on May 6th, they deposited 7,000 Ethereum worth $22 million on the cryptocurrency exchange Binance. The investor’s current profit is over $16 million.<\/p>\n
According to CoinGecko data, Ethereum has risen by 2% in the past 24 hours and is currently trading at $3,197 at the time of writing.<\/p>\n","protected":false},"excerpt":{"rendered":"
A whale investor who has been holding Ethereum (ETH) for nearly a year has made a notable transfer, indicating a potential shift in sentiment. According to data shared by on-chain analytics platform Lookonchain, a whale who had been loyal to Ethereum for the past year has begun selling their holdings. Last year, when the price<\/p>\n","protected":false},"author":1,"featured_media":19176,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[22,93,105,5901,5902,214,43,396,376,954],"class_list":["post-19739","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-binance","tag-defi","tag-ethereum","tag-lido-finance","tag-market-sentiment","tag-passive-income","tag-price","tag-profit","tag-trading","tag-whale"],"yoast_head":"\n
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