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Gate Square New & Returning Creator Rewards are ongoing!
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#Strategy加仓BTC is back! The "Wave King" whale that has been silent for two months suddenly appeared today—over the past 60 minutes, this address transferred out 12,000 $ETH from the top exchange in one go, worth approximately $39.98 million, selling at a price of $3,331.
How good is this whale at making waves? From September to October last year, it sold 30,000 ETH at an average price of $4,201, earning a total of $35.24 million from a single move. Looking at the entire account that bought low and sold high, the historical profit exceeds $31.44 million.
Currently, there are still 80,979 $ETH sitting on the chain untouched, with a total estimated value of $269 million, and an average holding cost of only $3,137. Considering this arbitrage margin and the scale of holdings, this whale is clearly waiting for the next wave. The $BTC market trend often also determines Ethereum's rhythm—recent Bitcoin volatility has indeed given these big players opportunities.