Even the richest investors in the market are sometimes not in control of their emotions. This is also apparent from the actions of a Whale, which sold his Ethereum (ETH) around the bottom of the previous correction for 3.9 million dollars, and returned much fewer ethers on 22 May for 3.8 million dollars.
“Think twice before selling your holdings,” said Lookonchain in commentary on the behavior of the Whale.
Trader loses $ 2.6 million
Since its sale, the Ethereum price has risen by 70%, and with that the trader lost around 1,000 ethers. Against the current rates, those tokens are good for a solid 2.6 million dollars.
If the Whale in question had already arrested his Ethereum, the tokens would now be worth $ 6.7 million.
With the recent rises, the Vitalik Buterin project is also big names such as Coco-Cola, Hermès and Alibaba in terms of market value.
ETH takes leadership on institutional market
The recent price promotion is therefore a bit more positive for Ethereum, which had a dramatic start of the market cycle. Until now, the Bitcoin has to leave far in front of itself, and it cannot match the returns of the competition at Solana (SOL).
In that respect, Ethereum has sometimes seen a better cycle. That now seems to change that. And we also see that in the capital flows towards stock market products around Ethereum. If we can believe the last report from Coinshares, Ethereum was leading last week.
In total, Ethereum products managed to realize an inflow of 205 million dollars last week. That represented 26% of the total inflow over that period, and brings the annual total for Ethereum to a plus of 575 million dollars.
Source: https://newsbit.nl/whale-koopt-opnieuw-ethereum-na-pijnlijke-misser-van-26-miljoen/
