Trust in Ethereum has been at a low point for some time, while the course is always looking for new soils. For an investor with a wallet that last showed activity in 2017, it has been enough. He sold 5.001 Ether for a profit of $ 8.66 million.
The Ethers in question were purchased for $ 1.38 million in 2017. At the time, the race came to 277 dollars.
Strange decision?
In terms of timing you could say that it is a strange decision to sell. The race has had big ticks, and was also much and much higher during this market cycle than today.
In that respect, it is striking that the investor in question did not decide to sell part, but threw his entire stock on sale. And the question is of course why he did not sell a part on the price of, for example, 3,000 dollars.
On the other hand, it remains difficult to judge these kinds of things. In the end it is decisions that people have to make themselves and there is no right or wrong. As long as it feels good, it is a great decision.
Perhaps the investor in question needs the millions for important purchases in his or her life. That could and if a dream house is financed with it, then that is of course a great decision.
There was a win of $ 23 million
Yet the investor in question will also be disappointed, because in November 2021 he could have run away with a profit of 23 million dollars. Anyway, selling on top is not for many people. Often not many ethers or bitcoins are sold at the absolute top.
In March this Whale decided to sell 3,000 Ethereum and this week the remaining 2,001 ethers went under the virtual hammer.
At the time of writing, Etheruem acts on a course of $ 1,791, which is a decrease of 10.38% on the signs for the past week. That rate gives Ethereum a market value of $ 216 billion, with which it still for around $ 100 billion for the competition at XRP.
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Source: https://newsbit.nl/ethereum-wallet-uit-2017-verkoopt-al-zijn-munten/
