ETH whale sells 21,200 ETH for $55.9M after three years of accumulation
- —The whale accumulated 112,100 ETH three years ago at about $2,030
- —21,200 ETH was transferred to Bitfinex for $55.93 million
- —Total profit is $66.45 million at a 29% return
- —The sale came after ETH broke above $2,600
Why it matters: Large profit-taking by a long-term holder could add selling pressure on ETH near $2,600.
Source: PANews