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Reading: Bitcoin and Altcoins Continue Their Effective Rallies as Crypto Whales Make Moves
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Latest cryptocurrency news > Ethereum (ETH) > Bitcoin and Altcoins Continue Their Effective Rallies as Crypto Whales Make Moves
Ethereum (ETH)

Bitcoin and Altcoins Continue Their Effective Rallies as Crypto Whales Make Moves

BH NEWS
Last updated: 5 December 2023 10:57
BH NEWS 2 years ago
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While Bitcoin and altcoins continue their effective rallies, the movements of crypto whales are also ongoing. The key point in the whales’ maneuvers has been their profit-making. This situation indicates that the optimism for the rise in the market continues. Every maneuver attracts attention in the crypto world.

As an important move that caught the attention of crypto enthusiasts, Celsius Network deposited an additional $16,680,000 worth of 7,500 ETH into Falcon X. This strategic deposit is part of a series of transactions that demonstrate Celsius Network’s proactive and assertive stance in the crypto market.

Celsius Network’s latest deposit follows a series of accelerated moves that reflect its determination in the decision-making process. In the past three weeks, Celsius Network directed a total of $47,600,000 worth of 22,600 ETH to Falcon X.

Another noteworthy move was made by a large whale, possibly associated with Paradigm partner Samczsun, who exhibited a strong bullish stance on ETH. At a time when ETH prices were falling, the whale purchased 931.1 ETH for $2,228 each from Binance. The transaction amounted to $2,070,000.

This whale’s bullish inclination towards ETH does not end here. Since October 13th, the whale has reportedly purchased a total of 26,561 ETH from Binance and decentralized exchanges (DEX), with this investment being worth approximately $52,300,000. This significant investment, with an average purchase price of $1,969, is currently unrealized profit at an impressive level, around $7,440,000.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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