The cryptomarkt continues to collect heavy blows, and Ethereum (ETH) is also not spared. The price of ETH fell to the lowest point in six months, but for one specific Whale this offered a unique opportunity. According to data from Blockchain-Analysis Platform Lookonchain, the notorious Whale bought “7 Siblings” in a single transaction 5,382 ETH, worth no less than $ 14.5 million.
Whale buys a total of 50,429 ETH
The aforementioned purchase is just the tip of the iceberg. Spread throughout the day, this Whale bought a total of 50,429 ETH, good for a value of $ 126 million. This large purchase underlines that this investor does not reflect on the recent price falls, but he sees it as a chance of buying.
Whale activity as a market signal
The behavior of Whales can provide valuable insights in the direction of the market. Unlike many retail investors, Whales usually have a long -term strategy.
A large -scale purchase such as this during a downward trend indicates that these major players have faith in the future of Ethereum, despite the current volatility. This positive sentiment is shared by various analysts. Mister Crypto even called this “The worst time to be aisar on Ethereum.”
Another bullish development is that Trump, through his crypto platform World Liberty Financial, bought another $ 10 million from ETH on 1 February. As a result, the total ETH possessions of the platform are now at 66,721 ETH, with an estimated value of $ 207 million.
Diversity and strike via Lido
The platform guided by Trump’s three sons not only invests in Ethereum, but also in other large crypto-assets such as Wrapped Bitcoin (WBTC), Chainlink (link) and Tron (TRX). In addition, there is a lot of stake via Lido, with $ 60 million in Staked Ether (Steth).
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Source: https://newsbit.nl/whale-profiteert-van-ethereum-dip-en-koopt-voor-126-miljoen-aan-eth/
