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In a Nov. 14 post, cryptocurrency on-chain data analytics firm Lookonchain reports on whale activity amid ethereum‘s price surge.
Notable sales include a $154 million profit for one whale and a $183 million loss for another.
Movement of whales in chain
In the thread, Lookonchain points out the whale at the address “0xee47,” which has reportedly increased its ethereum (eth) holdings by 3,200 eth, equivalent to approximately $6.7 million. This accumulation comes seven months after the whale initially began acquiring eth on July 5, 2022. Its holdings currently stand at 183,742 eth, valued at around $387.8 million, reflecting an unrealized gain. of approximately 154 million dollars.
In a parallel development, another whale at the address “0x78D0” has been actively accumulating eth since May 24. This particular whale supposedly acquired 12,680 eth at an average price of $1,768 from the Kraken exchange. According to the latest available data, its total holdings amount to $26.16 million, with an estimated unrealized profit of $3.7 million.
At the same time, the whale “0xBf71” deposited 30,001 eth, worth $62 million to fund, making a total loss of $183 million.
Holding steady at $2,000
In the last five days, ethereum has maintained a position above the $2,000 threshold following the registration of an iShares eth Trust by BlackRock, the world’s largest asset manager with $9.4 trillion in assets. under management.
The trust was officially registered on November 9, and following this development, ethereum saw a 9% surge, attracting the attention of both the everyday investor and whales.
