Welcome DT News

  • CONTACT
  • ABOUT US
Deythere
  • Home
  • News
    image 372
    NewsCryptoMarketSponsored Article

    Brett Already Took Off – MoonBull Might Be the 100x Crypto Everyone’s Watching

    Struggling to beat rising rent, keep up with sky-high grocery bills, or…

    By
    Benedikt Krüger
    July 18, 2025
    image 365
    NewsCryptoMarketSponsored Article
    SLERF Regret Setting In? Here’s Why Bulls Are Eyeing MoonBull’s 1000x Crypto Potential
    July 18, 2025
    image 358
    NewsCryptoMarketSponsored Article
    You’ll See It Again – On the Moon: MoonBull Is the New Meme Coin to Watch as Dogs Surges 17% and AI Companions Recovers
    July 18, 2025
    Cardano Surges Toward $1 But Can the Momentum Last?
    NewsCryptoMarket
    Cardano Surges Toward $1 But Can the Momentum Last?
    July 18, 2025
    IMF Flags El Salvador for Breaching Bitcoin Deal
    NewsBitcoinCrypto
    IMF Flags El Salvador for Breaching Bitcoin Deal
    July 18, 2025
  • Cryptocurrency
    image 372
    Brett Already Took Off – MoonBull Might Be the 100x Crypto Everyone’s Watching
    9 Min Read
    image 365
    SLERF Regret Setting In? Here’s Why Bulls Are Eyeing MoonBull’s 1000x Crypto Potential
    6 Min Read
    image 358
    You’ll See It Again – On the Moon: MoonBull Is the New Meme Coin to Watch as Dogs Surges 17% and AI Companions Recovers
    7 Min Read
    Cardano Surges Toward $1 But Can the Momentum Last?
    Cardano Surges Toward $1 But Can the Momentum Last?
    7 Min Read
    IMF Flags El Salvador for Breaching Bitcoin Deal
    IMF Flags El Salvador for Breaching Bitcoin Deal
    7 Min Read
    image 354
    Neiro Got the Hype, But MoonBull Might Deliver – Is This the Best Upcoming Crypto for 2025?
    8 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

Franklin Templeton Joins the League! Bets Big on XRP ETF—Will the SEC Give Green Light?

ETH or BTC? How Joe Lubin Says Ethereum Will Power the Future of Global Finance

Bitcoin Miners See Worst Revenues in 11 Months as Difficulty Climbs

IOTA Blockchain Tool to Simplify Music Rights Management for Filmmakers

Coinbase Challenges CFTC’s Proposal on Event Contracts

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