Welcome DT News

  • CONTACT
  • ABOUT US
Deythere
  • Home
  • News
    Previsão de ROI do estágio 9 do Troller Cat
    NewsCryptoSponsored Article

    Floki Price Prediction: $0.00007374 Floor or Trap? Troller Cat Might 18x First With Real Utility

    What if a dog didn’t lead the next meme coin wave, but…

    By
    Benedikt Krüger
    June 20, 2025
    image 20 Haz 2025 19 43 11
    CryptoMarketNews
    Crypto Slips Again as U.S.-China Tech Tensions Escalate
    June 20, 2025
    image 20 Haz 2025 19 39 41
    CryptoMarketNews
    Fitch & Fed Sound the Alarm: Is Crypto Poised for a Breakout Amid Global Uncertainty?
    June 20, 2025
    Trump’s World Liberty Financial Stake Drops to 40%: Conflict Concerns Persist
    NewsCryptoMarket
    Trump’s World Liberty Financial Stake Drops to 40%: Conflict Concerns Persist
    June 20, 2025
    $58M XRP Whale Transfer Sparks ETF Speculation, But Price Remains Unshaken
    NewsCryptoMarket
    $58M XRP Whale Transfer Sparks ETF Speculation But Why Price Remains Unshaken
    June 20, 2025
  • Cryptocurrency
    Previsão de ROI do estágio 9 do Troller Cat
    Floki Price Prediction: $0.00007374 Floor or Trap? Troller Cat Might 18x First With Real Utility
    9 Min Read
    image 20 Haz 2025 19 43 11
    Crypto Slips Again as U.S.-China Tech Tensions Escalate
    3 Min Read
    image 20 Haz 2025 19 39 41
    Fitch & Fed Sound the Alarm: Is Crypto Poised for a Breakout Amid Global Uncertainty?
    5 Min Read
    Trump’s World Liberty Financial Stake Drops to 40%: Conflict Concerns Persist
    Trump’s World Liberty Financial Stake Drops to 40%: Conflict Concerns Persist
    6 Min Read
    $58M XRP Whale Transfer Sparks ETF Speculation, But Price Remains Unshaken
    $58M XRP Whale Transfer Sparks ETF Speculation But Why Price Remains Unshaken
    6 Min Read
    Best cryptos for beginners, Troller Cat crypto presale
    Final Hours Before Stage 10: Troller Cat Tops as the Best Beginner Crypto, While Goatseus Maximus Slips and ANDY Gains
    7 Min Read
    Previous Next
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Reading: Major Blow to Ethereum as Whale Sells $113 Million Worth of ETH!
Share

[ccpw id=”7831″]

DeythereDeythere
Font ResizerAa
  • Home
  • Crypto
  • Market
  • News
  • Blockchain
  • Contact
Search
  • Home
  • News
  • Cryptocurrency
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Have an existing account? Sign In
Follow US
© DT News. All Rights Reserved.
Deythere > News > News > Major Blow to Ethereum as Whale Sells $113 Million Worth of ETH!
News

Major Blow to Ethereum as Whale Sells $113 Million Worth of ETH!

representing a large Ethereum ETH whale sale. The central focus is the Ethereum logo with digital coins alongside a visua
Benedikt Krüger
Last updated: October 10, 2024 12:21 pm
By
Benedikt Krüger
Published October 10, 2024
2 Min Read
Share

One of the original participants in Ethereum’s 2014 ICO has sold approximately $113 million worth of ETH over the past two weeks. The whale, who acquired the ETH at an average price of $0.31 per token, has been gradually liquidating their holdings.

Contents
Historical Profit on Ethereum SalesOther Whale ActivityFinal Thoughts

According to on-chain tracker Lookonchain, the whale transferred 5,000 ETH to Kraken on Monday, marking another sale in a series of transactions that began in late September. Since September 22, the whale has sold a total of 45,000 ETH, valued at $113.2 million. Despite the sales, the whale’s address still holds 94,500 ETH, valued at roughly $230.2 million.

Historical Profit on Ethereum Sales

Lookonchain revealed that this Ethereum ICO participant purchased 150,000 ETH in the genesis block for $46,500, equating to an average of $0.31 per ETH. With the recent sales of 45,000 ETH at an average price of $2,516, the participant achieved a staggering 811,513% return on their initial investment.

At the time of writing, ETH is trading at approximately $2,437.

representing the sale of a large amount of Ethereum ETH by a whale. The central focus is the Ethereum logo with a styliz

Other Whale Activity

In addition to the Ethereum sale, Lookonchain noted another whale’s activity in memecoin trading. This whale sold POPCAT for a profit and purchased GIGA. POPCAT is currently trading at $1.23, having dropped 7% in the last 24 hours, while GIGA has risen over 2% to $0.0496.

Large sales like these can significantly impact the market, creating price fluctuations and uncertainty among investors.

Final Thoughts

Movements by large Ethereum whales and other major players can cause significant market volatility. Investors should closely monitor these developments, as they can have substantial effects on Ethereum and the broader cryptocurrency market.

For more updates, stay tuned to Dey There.

Ethereum, whale, ETH sale, ICO, market volatility

Advertising

For advertising inquiries, please email . [email protected] or Telegram

XRP Poised for a Major Breakout? Key Indicators Suggest a Strong Rally

Bitcoin Dips Below $85K as Fed Meeting Sparks Market Uncertainty

IMF Proposes 85% Tax Increase on Crypto Mining to Combat Carbon Emissions

Ripple’s RLUSD Approval Pushes XRP to $2.33 and Strengthens Market Position

VanEck Solana ETF Gets DTCC Nod as Market Awaits July Approval Window

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
ByBenedikt Krüger
Benedikt Krüger is a seasoned blockchain developer and cryptocurrency analyst with 10 years of experience in the field. Starting his career in software development, Benedikt quickly transitioned into blockchain technology, where he has worked on several pioneering projects, including the development of secure blockchain networks and decentralized platforms. His expertise includes blockchain security, cryptographic protocols, and the technical underpinnings of cryptocurrency systems. At DT NEWS, Benedikt provides readers with in-depth technical analysis and expert commentary on the latest trends in the blockchain and cryptocurrency industries, ensuring they stay ahead of the curve in this fast-paced sector.
Previous Article critical Bitfinex hack involving 106000 Bitcoin. The visual features a large Bitcoin symbol at the center with red Critical U.S. Announcement Involving 106,000 Bitcoin: What Does It Mean?
Next Article representing outflows from Bitcoin and Ethereum ETFs. The focus is on the Bitcoin and Ethereum logos with arrows pointing downward ETF Movements Shake the Crypto Market! Investors Are Exiting Bitcoin and Ethereum
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow US

Find US on Socials
FacebookLike
XFollow
YoutubeSubscribe
TelegramFollow
Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad image
Popular News
crypto 2024
Crypto Derivatives Market Heats Up as Innovative Products Emerge
crypto approval
Blockchain Revolutionizes Energy Markets with Decentralized Trading Platforms
crypto news
Cutting-Edge Mining Technologies Drive Efficiency in Cryptocurrency Production

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Deythere

DT News influence 20 million users and is the number one business blockchain and crypto news network on the planet.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Menu

  • Home
  • News
  • Sitemap
© DT News. All Rights Reserved.
Banner 1
Banner 2
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

  • English