Diamond Hand Ethereum Whale Moves 15,000 ETH, Destinations:
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“Diamond Hand” Ethereum (ETH) Whale Suddenly, he appeared and transferred 15,000 ETH tokens to a major exchange. The transaction size was so large that this whale caught the attention of many Ethereum investors and the broader cryptocurrency community.
Diamond Hand Whale, 15,000 ETH tokens transferred
Spot On Chain, a blockchain analytics platform, was launched on X (formerly Twitter) on September 22nd. mail It has been revealed that an anonymous Diamond Hand whale transferred 15,000 ETH worth $38.4 million from his wallet address “0x682”. KrakenIt is one of the world’s largest cryptocurrency exchanges.
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Diamond hand whales are essentially traders or HODL investors These are coins, stocks, bonds, silver or bonds that you hold for the long term with no plans to sell, no matter how much the token value changes or how much the market fluctuates.
According to data from Spot On Chain, the anonymous diamond whale initially deposited ETH to Kraken twice, both times in excess of $30 million. Coincidentally, both transactions occurred just before the price surge. Ethereum experienced a decline.
In the first transaction, the whale transferred 10,000 ETH tokens worth approximately $34.2 million to Kraken on July 25, immediately following a 7.6% drop in the Ethereum price. In the second transaction, which occurred on August 20, the Diamond Hand whale deposited 15,000 ETH, worth $39.7 million at the time. This significant ETH transaction occurred just before the Ethereum price dropped by 2.5%.
Following this trend, this particular Whale ETH Deposit It can be carefully calculated and strategic to execute trades just before a price drop to avoid losses. In addition, whale behavior can provide valuable insights, potentially Ethereum price drop imminent.
Currently, the Diamond Hand Whale holds 26,639 ETH tokens, which are worth approximately $69.7 million, and the total profit is estimated at approximately $132 million. huge profits This represents an impressive profit of over 86%.
Ethereum Price Analysis Update
that Ethereum Price It has been relatively stable in recent weeks, with a moderate uptrend following a prolonged period of significant downtrend activity. According to data from CoinMarketCap, ETH is trading at $2,640.It rose 1.93% last week and has surged a whopping 13.43% over the past seven days.
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especially, Ethereum’s bullish momentum Optimism is rising among analysts. A prominent cryptocurrency analyst identified by X as ‘Crypto Patel’ has set an ambitious price target for Ethereum. Predict The cryptocurrency could surge between $5,500 and $6,000, it said.
He has identified the best accumulation zone for investors as between $2,500 and $2,100. The analyst also shared his long-term goals for ETH, saying the cryptocurrency is Price surge From $8,000 to $10,000.
Featured image made with Dall.E, charts from Tradingview.com
