Markets· ★★· bearish·

Whale sells 52,000 ETH via Galaxy Digital for $24.49M profit

  • —Accumulated 52,000 ETH from July to September at an average of $2,161
  • —Sold since late September at an average price of $2,632
  • —Final 10,000 ETH sold five hours before the report
  • —Net profit reached $24.49 million
Why it matters: Large OTC whale sales add to ETH supply and can weigh on prices near $2,500.
Source: PANews