Lookonchain reports whales are dominating the Ethereum market with big sales
In a Nov. 14 post, the cryptocurrency on- chain data Analysis firm Lookon chain reports whale activity amid Ethereum price surge. Notable sales have included a $154 million profit for one whale and a loss of $183 million for another. Whale movement on chain In the thread, Lookonchain points to the whale at address “0xee47,” that has reportedly increased their Ethereum (ETH) holdings by 3,200 ETH, equivalent to approximately $6.7 million. This accumulation comes seven months after the whale initially began acquiring ETH on July 5, 2022. Presently, their holdings stand at 183,742 ETH, valued at around $387.8 million, reflecting an unrealized profit of approximately $154 million. Bullish or Bearish on $ETH? Did SmartMoneys and Whales buy or sell $ETH over the past week? 1/ Here is a thread. pic.twitter.com/8yvCO0UI9H — Lookonchain (@lookonchain) November 14, 2023 In a parallel occurrence, another whale at address “0x78D0” has been actively accumulating ETH since May 24. This