Ethereum: Mysterious Whale Sells Dormant ETH to Cash Out Millions

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Smart whale has made tremendous profit on its dormant Ethereum coins

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Data shared by the @spotonchain analytics X/Twitter account shows that a smart whale has sold a large Ethereum chunk. It included a lot of dormantThe tweet reveals that this whale has dumped all of his Ethereum – 17,768 ETH, selling it for 62.24 million DAI. The aforementioned amount of Ethereum is equal to a massive $63,655,281 in fiat. That is a ROI of more than 400%, the tweet states.

Within the past 24 hours, Ethereum has demonstrated a rise of 3.70%, reaching $3,585. However, until that price increase happened, ETH saw a 5.19% decline from the local high of $3,667.Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets.

 

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