Diamond Hand Ethereum Whale Moves 15,000 ETH, Here’s The Destination
24 Settembre 2024 - 1:00AM
NEWSBTC
A “Diamond Hand” Ethereum (ETH) whale has suddenly emerged,
transferring a massive 15,000 ETH token to a major exchange. Given
the sheer size of the transaction, this whale has caught the
attention of many Ethereum investors and the broader crypto
community. Diamond Hand Whale Moves 15,000 ETH Tokens Spot On
Chain, a blockchain analytics platform, revealed on September 22 in
an X (formerly Twitter) post that an anonymous Diamond hand whale
had transferred 15,000 ETH valued at $38.4 million from their
wallet address “0x682” to Kraken, one of the world’s biggest crypto
exchanges. Related Reading: Fed Rate Cuts Spurs $1.6 Billion
Bitcoin Buying Spree Among Whales, Can BTC Reach $70,000? A Diamond
hand whale is a term essentially used to describe traders or
investors who HODL their coins, stocks, bonds, silver or bonds for
an extensive period without plans to sell, no matter how much the
value of the token changes or the market fluctuates. Data
from Spot On Chain has revealed that this anonymous Diamond whale
had initially conducted two ETH deposits into Kraken, both
exceeding $30 million. Coincidentally, these two transactions
occurred just before the price of Ethereum experienced a
decline. The first transaction saw the whale move 10,000 ETH
tokens, worth about $34.2 million to Kraken on July 25, just before
the price of Ethereum fell by 7.6%. In the second transaction which
occurred on August 20, the diamond hand whale deposited 15,000 ETH,
valued at $39.7 million at the time. This substantial ETH
transaction had occurred just before a 2.5% decrease in Ethereum’s
price. Following this trend, it appears that this particular
whale’s ETH deposits may have been carefully calculated and
strategic, executing transactions just before a price decrease to
avoid a loss. Moreover, the whale’s actions could offer valuable
insights, potentially signaling an impending decline in the price
of Ethereum. Currently, the diamond hand whale holds 26,639
ETH tokens, worth approximately $69.7 million, with an estimated
total profit of $132 million. This massive profit represents an
impressive gain of over 86%. Update On Ethereum Price
Analysis The price of Ethereum has been relatively stable in recent
weeks, experiencing modest gains after ensuring an extensive period
of significant bearish activity. According to CoinMarketCap’s data,
ETH is trading at $2,640, reflecting a 1.93% increase in the last
week and an impressive 13.43% surge over the past seven days.
Related Reading: ‘Uptober’ Is Just Around The Corner: Here’s Where
Bitcoin Price Is Headed Notably, Ethereum’s bullish momentum has
sparked optimism amongst analysts. A prominent crypto analyst
identified as ‘Crypto Patel’ on X has set ambitious price targets
for Ethereum, predicting that the cryptocurrency could witness a
surge between $5,500 to $6,000. He identified the best
accumulation zone for investors as between $2,500 to $2,100.
Furthermore, the analyst shared his long-term target for ETH,
forecasting that the cryptocurrency could experience a price
breakout from $8,000 to $10,000. Featured image created with
Dall.E, chart from Tradingview.com
Grafico Azioni Bitcoin (COIN:BTCUSD)
Storico
Da Ago 2024 a Set 2024
Grafico Azioni Bitcoin (COIN:BTCUSD)
Storico
Da Set 2023 a Set 2024