Crypto Mufasa
Advertise
  • Crypto News
    • General News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
  • NFT NEWS
  • Beginner Guides
  • Price Predictions
  • Crypto Prices
No Result
View All Result
  • Login
  • Register
  • Crypto News
    • General News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
  • NFT NEWS
  • Beginner Guides
  • Price Predictions
  • Crypto Prices
No Result
View All Result
Crypto Mufasa
No Result
View All Result
Home Altcoin News

Ethereum Whales Trigger Market Shift: Selling Spree Sends Shockwaves

James by James
July 16, 2023
in Altcoin News, Ethereum News
Reading Time: 1 min read
A A
0
ethereum whales
Share on FacebookShare on Twitter
ADVERTISEMENT

According to our Intel, we are seeing that Ethereum Whales are selling their holdings at a significant rate. An example of such an instance is when one whale sold 4,549 Ether worth 8.78 million dollars for $1,930 around 14 hours ago. It is worth noting that this whale had spent around 6 million dollars to buy 4,549 Ether at a price of $1,319 on January 9th. This means that they had made a profit amounting to 2.78 million dollars.

Ethereum Whale Made $2.78 Million in 6 Months

A whale sold 4,549 $ETH for 8.78M $USDT at a price of $1,930 14 hrs ago.

This whale spent $6M to buy 4,549 $ETH at a price of $1,319 on Jan 9, and has earned $2.78M so far.https://t.co/pzSfTqYuPn pic.twitter.com/PEtWS9LXmE

— Lookonchain (@lookonchain) July 16, 2023

This pattern among the Ethereum whales is speculated to have been triggered by the desire to reap large amounts of profit from cryptocurrencies. This is after the XRP token got a partial win in court when the judge ruled in its favor saying that the token was not a security when sold on digital asset exchange platforms. The ruling has favored many other coins in the crypto exchange market.

Ethereum has therefore enjoyed a positive market sentiment and has risen up to $2,000. This was a golden opportunity for any Ethereum holder to sell and earn a substantial amount of profit. Unfortunately, when the Ethereum whales started selling, the price of Ethereum started going down. As a result, many investors realized that there is a huge impact made by whales in the exchange market.

You May AlsoLike

Mixin Network Falls Victim to $200 Million Security Breach

Mixin Network Falls Victim to $200 Million Security Breach

September 25, 2023
Shiba Inu’s Price Turns Green After A Brief Bearish Phase

Shiba Inu’s Price Turns Green After A Brief Bearish Phase

September 25, 2023
Share76Tweet48
ADVERTISEMENT
Previous Post

Cardano Transactions Surge: 71 Million Recorded | Latest Insights

Next Post

Litecoin Halving Approaches: Network Growth and Anticipation Soar

James

James

James is a 33-year-old cryptocurrency enthusiast who has been involved in the industry since 2017. He has always been a keen follower of the crypto space and has experience in trading and mining cryptocurrencies. Since then, James has also written numerous articles on the subject and is passionate about sharing his knowledge and insights with others.

Related Posts

Mixin Network Falls Victim to $200 Million Security Breach
General News

Mixin Network Falls Victim to $200 Million Security Breach

September 25, 2023
Shiba Inu’s Price Turns Green After A Brief Bearish Phase
Altcoin News

Shiba Inu’s Price Turns Green After A Brief Bearish Phase

September 25, 2023
3 Cryptocurrencies To Avoid Trading In The Upcoming Week
Altcoin News

3 Cryptocurrencies To Avoid Trading In The Upcoming Week

September 22, 2023
Ripple vs. SEC Lawsuit Update For September 2022
Altcoin News

Ripple vs. SEC Lawsuit Update For September 2022

September 22, 2023
Crypto Taxes India: WazirX CEO’s Forecast For The Next Two Years
Bitcoin News

Crypto Taxes India: WazirX CEO’s Forecast For The Next Two Years

September 22, 2023
Grayscale’s Ether Futures ETF Application Takes Center Stage
Ethereum News

Grayscale’s Ether Futures ETF Application Takes Center Stage

September 21, 2023
Next Post
litecoin halving

Litecoin Halving Approaches: Network Growth and Anticipation Soar

Discussion about this post

Live Prices

Stay Connected

You May Also Like

  • Terra Classic Price Prediction: What Is an Ideal LUNC Buy Zone?

    Terra Classic Price Prediction: What Is an Ideal LUNC Buy Zone?

    201 shares
    Share 80 Tweet 50
  • Elon Musk’s Silence And Its Impact On DOGECOIN

    194 shares
    Share 78 Tweet 49
  • Grayscale vs. SEC Decision Boosts XRP

    194 shares
    Share 78 Tweet 49
  • 3 Cryptocurrencies To Avoid Trading In The Upcoming Week

    193 shares
    Share 77 Tweet 48
  • Bitcoin (BTC) vs. Worldcoin (WLD) Comparative Study

    192 shares
    Share 77 Tweet 48
  • About Us
  • Contact Us
  • Work With Us
  • Privacy Policy
  • Terms Of Service

© 2022-2023 CryptoMufasa - All Rights Reserved!

No Result
View All Result
  • General News
  • Beginner Guides
  • Bitcoin News
  • Ethereum News
  • Altcoin News
  • NFT News
  • Price Predictions
  • Google News

© 2022-2023 CryptoMufasa - All Rights Reserved!

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

*By registering into our website, you agree to the Terms Of Services and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.