An Ethereum Whale Sold $8.78 Million Worth of ETH from Three Different Wallets

Crypto News – Data from the on-chain analytics tool LookOnChain shows that a crypto whale renowned for its cunning trading techniques offloaded an astounding $8.78 million worth of Ethereum (ETH).

An Ethereum Whale Sold $8.78 Million Worth of ETH from Three Different Wallets

The trader made around $1.3 million in profit by selling 3,360 ETH at an average price of $2,615. This action is a continuation of a similar approach wherein two days ago, the same entity sold 367 Wrapped Bitcoin (WBTC) valued at $17.35 million at $47,288 each, generating a profit of approximately $1.35 million.

Three different wallets—0xAc4c, 0x36c2, and 0x8B20—were used to carry out the transactions. This tactic really demonstrates the thought and effort that go into these big trades. Ethereum‘s price increased by about 6% to $2,658 today, coinciding with the sale’s timing.