{"id":137542,"date":"2024-09-19T20:00:19","date_gmt":"2024-09-19T17:00:19","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=137542"},"modified":"2024-09-19T17:44:13","modified_gmt":"2024-09-19T14:44:13","slug":"crypto-whale-offloads-24-million-in-ethereum-in-recent-sell-off","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/crypto-whale-offloads-24-million-in-ethereum-in-recent-sell-off\/","title":{"rendered":"Crypto Whale Offloads $24 Million in Ethereum in Recent Sell-Off"},"content":{"rendered":"<p>The whale\u2019s actions have been notable, with 10,595 <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/ethereum\/\">ETH<\/a><\/strong>, valued around $24.7 million, sold in a short span. Sales were made at an average price of $2,302 for 2,364 ETH on September 15 and 16, with the rest sold over the following 48 hours.<\/p>\n<p>The whale has been <strong><a href=\"https:\/\/x.com\/spotonchain\/status\/1836682778185969722\" target=\"_blank\" rel=\"nofollow\">liquidating<\/a><\/strong> ETH at a rapid pace, averaging about 87.56 ETH per few minutes.<\/p>\n<p>Despite this, the whale still holds 6,042 ETH, worth approximately $14.7 million, which is 36.3% of the initial amount. The total estimated profit from these holdings stands at around $39.34 million.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/commerzbank-introduces-bitcoin-and-ethereum-trading-for-corporate-clients\/\" title=\"Commerzbank Introduces Bitcoin and Ethereum Trading for Corporate Clients\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/12\/coin_Bitcoin-Ethereum-2-big-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Commerzbank Introduces Bitcoin and Ethereum Trading for Corporate Clients<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Recent data shows a surge in ETH deposits to exchanges, with over 547,600 ETH deposited, totaling $1.26 billion.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Over 547,600 <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$ETH<\/a> have been sent to <a href=\"https:\/\/twitter.com\/hashtag\/crypto?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">#crypto<\/a> exchanges in the last three weeks, worth over $1.26 billion! <a href=\"https:\/\/t.co\/mTQeXdnTtr\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/mTQeXdnTtr<\/a><\/p>\n<p>\u2014 Ali (@ali_charts) <a href=\"https:\/\/twitter.com\/ali_charts\/status\/1836483579657732522?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">September 18, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>An ICO participant also recently moved 10,000 ETH (about $24.37 million) to Kraken after a two-year hold. This individual initially acquired 50,000 ETH at an ICO price, now worth about $121.85 million.<\/p>\n<p>Ethereum\u2019s price has dropped over 30% in the past two months but has seen a minor rebound. Currently, ETH trades at approximately $2,425. Additionally, Ethereum spot ETFs saw a net outflow of $9.738 million yesterday, continuing a three-day trend.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An Ethereum whale has recently caused a stir by offloading a substantial portion of its holdings, selling over $24 million worth of ETH in the past three days amid significant market pressure.<\/p>\n","protected":false},"author":3,"featured_media":50305,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[],"class_list":["post-137542","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Crypto Whale Offloads $24 Million in Ethereum in Recent Sell-Off<\/title>\n<meta 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