BCGAME - Free 5BTC Daily Bonus!In a move that has surprised cryptocurrency enthusiasts, a large whale Ethereum (ETH) recently sold 14.240 ETH worth nearly $37 million, recording a significant loss of $12,8 million. On-chain analytics platform Lookonchain shared the data of the move on Nov. 6.
This huge transaction happened when the Bitcoin (BTC) has hit a new all-time high in its price today. In an impressive move, Bitcoin has set a new ATH by reaching the value of $75.000 per unit. This phenomenon is influenced by the victory of former US President Donald Trump, who defeated his opponent and current Vice President, Kamala Harris, in the presidential election. The cryptocurrency market has been experiencing epic growth in the last 24 hours amid the political scenario in the US.
As noted by Lookonchain, the Ethereum whale purchased 14.233 ETH from cryptocurrency exchange Binance at a price of $3.502 between May 29 and September 30, investing approximately $49,8 million in total. However, with the price of Ethereum currently below the aforementioned level, the whale has a realized loss of $12,8 million.
The platform highlighted that while Bitcoin hit its ATH today, Ethereum remains 47% below its all-time high price. The recent sudden sell-off has caught the market’s attention.
“$BTC price hit a new ATH today while $ETH is still 47,2% away from its ATH! A whale sold 14.240 $ETH ($37M) at a loss of $12,8M 1 hour ago. This whale bought 14.233 $ETH ($49,8M) from Binance at a high price of $3.502 between May 29 and September 30.” wrote.
At the time of publication, the Ethereum price is trading at $2.613,85, up 7% over the past 24 hours. Ethereum (ETH) currently has a trading volume of $40.462.942.087 over the past 24 hours, representing a 122,10% increase from a day ago and signaling a recent surge in market activity.
The highest price paid for Ethereum (ETH) was $4.878,26, recorded on November 10, 2021 (almost 3 years ago). Comparatively, the current price is 46,34% lower than the cryptocurrency’s all-time high.
