He may still have roughly 8,000 ETH unsold that he is storing on Binance with a potential profit of $14.7 million. @lookonchain assumed that this sell-off performed by the whale likely impacted the ETH price, pushing it down nearly 1.8%.
By now, however, ETH has recovered the losses and even grown more, demonstrating a rise by 2.26% overall. As of this writing, Ethereum is per coin on the Binance exchange.
@lookonchain pointed out that the aforementioned whale is well-known to be a “smart whale” as he always buys crypto when it hits lows and sells as soon as the price spikes, when he has a “100% win rate in ETH trading.”
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
