Ethereum Surges 3% As Whales Take Profits – NullTX
Cryptocurrency News
Today, Ethereum (ETH), the world’s second-largest cryptocurrency, experienced a significant 3% gain, propelling it toward a potential rally beyond $3,500.
With a current market capitalization of $397.88 billion, Ethereum’s price stands at $3,315 at the time of writing.
This week, the Ethereum network is witnessing its highest ratio of profitable on-chain transfers since November, with a notable 2.3 to 1 ratio of coins moving at a profit compared to those at a loss.
📈 This week, the #Ethereum network is seeing its highest ratio of profitable #onchain transfers since November, with a 2.3 to 1 ratio of coins moving at a profit vs. loss. Meanwhile, #Bitcoin's ratio is also quite high at 1.8 to 1. #Cardano is one of the few seeing more loss… pic.twitter.com/wLpCEpt7bZ
— Santiment (@santimentfeed) February 27, 2024
Similarly, Bitcoin also boasts a high ratio of 1.8 to 1, while Cardano stands out with more loss transactions than profitable ones.
According to insights from Santiment data, for every 2.3 ETH transfers, wallets are in profits, while Bitcoin transactions indicate a 1.8 ratio in favor of profitable wallets. Conversely, more ADA transfers are occurring at a loss compared to those at a profit.
Amidst Ethereum’s current price surge, several large whales have opted to take profits.
ETH 这个价位，不少巨鲸都选择止盈了😆
地址曾在 01.25 以均价 $2235 从 #OKX 转入 2428 枚 ETH，两小时前他向交易所充值了2360 枚，疑似卖出；若全部卖出将获利 264 万美金，回报率高达 50%
钱包地址 https://t.co/hzXshUbzdK pic.twitter.com/yhZGslkO0K
— Ai 姨 (@ai_9684xtpa) February 28, 2024
An address previously involved in transferring 2,428 ETH from OKX at an average price of $2,235 on January 25, recently deposited 2,360 ETH to the exchange, sparking suspicions of selling. If all were sold, the profit could amount to $2.64 million, representing a staggering return rate of 50%.
半小时前，三周前建仓 ETH 的巨鲸将 2400 枚 $ETH 充值进 #FalconX，价值 802 万美金
该地址曾在 02.09 以均价 $2487 转入 2000 枚 ETH，本次若全部卖出，将获利 171 万美金💰
钱包地址 https://t.co/ABcVbJqFLi pic.twitter.com/gI0PxyL2iT
— Ai 姨 (@ai_9684xtpa) February 28, 2024
Another whale, who initiated an ETH position three weeks ago, deposited 2,400 ETH into FalconX, valued at $8.02 million. This address had previously transferred 2,000 ETH at an average price of $2,487 on February 9, potentially realizing a profit of $1.71 million if all tokens are sold this time.
Additionally, in the past few hours, the address 0xf233…A021D purchased 15,011 ETH through the Galaxy Digital OTC address, worth $48.86 million at an average price of $3,255. Subsequently, all tokens were pledged into the Ethereum beacon chain.
五小时前，地址 0xf233…A021D 通过 Galaxy Digital OTC 地址买入 15011 枚 $ETH （价值 4886 万美金，均价 $3255），随后全部投入以太坊信标链进行质押🏦
钱包地址 https://t.co/nfObqRxPmV pic.twitter.com/TCRKTSmrKV
— Ai 姨 (@ai_9684xtpa) February 28, 2024
As Ethereum continues its upward trajectory, the actions of these significant players provide insights into the current market dynamics and investor sentiment.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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Will is a News/Content Writer and SEO Expert with years of active experience. He has a good history of writing credible articles and trending topics ranging from News Articles to Constructive Writings all around the Cryptocurrency and Blockchain Industry.
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