Like an ant, this institutional investor has alternated purchases of Ethereum in good times and is being awarded great rewards. Indeed, since September, a period during which ETH traded between 1,500 and 1,600 dollars per coin, this whale has been able to build up a nice jackpot of more than 41,000 ETH. Imagine how much that is worth today, with ether valued at over $2,200.
41,779 ETH in this whale’s crypto hoard
August and September are not a good time for Ethereum investors. The ETH bull run was struggling to show its nose: enough to fuel pessimism among certain whales fond of the second most important crypto on the market.
However, for this institutional Ethereum investor, things turned out differently.
“ A ‘giant whale’ has accumulated 41,779 Etehreum (ETH) worth $76,800,000 since September: On-Chain Data. »
According to Daily Hodlthis great entity has not stopped accumulating large quantities of ethers for two successive months. Lookonchain data specifies that 41,779 ETH, valued at $76.8 million when the prince of cryptos was trading at $1,800, allowed him to generate profits of more than 13 million dollars.
“ This giant whale borrowed 2 million DAI additional and purchased 921 ETH at $2,171.
This whale has purchased 41,779 ETH ($76.6 million) on Binance and DEXs (decentralized exchanges) since September 19, with an average purchase price of ~$1,838.
The profit is ~$13.3 million at current prices. »
Still according to Lookonchain, this giant whale did not hesitate to borrow DAI stablecoins to fuel its purchases. A wise decision, apparently, given the amount of profits reaped since then.
Note that at the time of writing this article, ether was trading at $2,224.85 per piece. Which represents an increase of 3% in just 24 hours: a rate which is not far from the 4% displayed by bitcoin which had just crossed the milestone of 41,000 dollars.
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