Following its gradual ascent toward the $1900 price range, ether has drawn the interest of several investors, with whale activities picking up considerably. Blockchain analytics platform Lookonchain today shared that an ETH whale with the wallet address “0xb15” has withdrawn 8,398 ETH worth around $15.9 million from crypto exchange Binance.
The whale, who has been actively accumulating Ethereum (ETH), executed transactions during the early hours of Tuesday. According to data from Lookonchain, the whale realized a total profit of $5.5 million from their most recent trade, while their ongoing trade holds an unrealized profit of $1.04 million.
In aggregate, the data analytics platform estimates that this trader has garnered a substantial $14.5 million from seven completed trades, boasting an impressive win rate of 85.7% to date. It’s worth noting that the whale consistently purchased ETH when its price was low and sold it at higher levels. With their latest transaction, the whale has withdrawn 27,714 ETH from Binance, amounting to over $47 million, at an average price of $1,857 over the past two days.
Meanwhile, Ethereum has experienced a price resurgence, likely fueled by the bullish trend in Bitcoin. CoinMarketCap data indicates a marginal 0.55% increase in the last 24 hours and a significant weekly gain of 5.37% for ETH.
As of the current moment, Ethereum is trading at $1,890 per unit. It’s worth noting that despite the price surge, trading volumes have decreased. Nevertheless, Ethereum maintains its position as the second-largest cryptocurrency, with a market capitalization of $277 billion.
