In recent analyses from Spotonchain, a key player in the crypto analysis arena, Ethereum whales have taken center stage in what appears to be a prelude to an anticipated bullish surge.
Ethereum, securing its spot as the second-largest cryptocurrency globally with a market cap north of $247 billion, has become the focal point of significant whale activity.
🚨 Whale 0xAA1 (linked to @samczsun) swapped 10M $USDC for 4,865 $ETH at an average price of $2,056 in the past 4 hours.
Notably, the whale has bought a total of 15,002 $ETH ($28.35M) from #Binance and DEX at an average price of $1,890 after the price started to rise on Oct 13,… pic.twitter.com/Ne2O9l53NN
— Spot On Chain (@spotonchain) November 29, 2023
Whales Accumulates Large Quantities Of $ETH Ahead Of The 2024 Bull Run
One standout figure, aptly named the “Smart whale” (0xb15), has made waves with its shrewd Ethereum trading maneuvers. Recent data points to a substantial deposit of 3.51 million USDT to Binance, signaling a strategic move by this savvy investor. Impressively, the Smart whale has not just traded, but mastered the art of Ethereum transactions, reaping a handsome $16.25 million profit with an enviable win rate of 87.5%.
Following a profitable closure of the last Ethereum trade on November 9, 2023, the whale tactfully withdrew 55.5 million USDT from Binance, leaving a wallet balance of 52 million USDT. Speculation is also rising as to what will be the whale’s potential plans for accumulating more Ethereum in the near future.
⚠️ Note that Smart whale 0xb15, who is very good at trading $ETH, just deposited 3.51M $USDT to #Binance ~5hrs ago.
– The whale has realized a total profit of $16.25M from $ETH with a win rate of 87.5%.
– The whale withdrew 55.5M $USDT from Binance after closing the last $ETH… https://t.co/sIZ05EiQdZ pic.twitter.com/hulJZb2kTw
— Spot On Chain (@spotonchain) November 29, 2023
Another intriguing player in this crypto saga is Whale 0xAA1, closely associated with the Twitter handle @samczsun. This whale recently made a strategic move by swapping 10 million USDC for 4,865 ETH at an average price of $2,056.
The timing of this swap aligns with a broader strategy, as the whale has been steadily accumulating Ethereum. Since October 13, 2023, Whale 0xAA1 has acquired a total of 15,002 ETH ($28.35 million) from both Binance and decentralized exchanges. As of now, the whale proudly holds an impressive 23,440 ETH, valued at $48.1 million.
Conclusion
These deliberate moves by Ethereum whales present compelling indicators for the cryptocurrency and the broader market. The substantial accumulation of ETH by influential investors reflects a growing confidence in an imminent bullish surge.
Finally, Ethereum, serving as a cornerstone for major investors, is poised for positive momentum, setting the stage for potential market-wide optimism in the days to come.
Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse crypto coins.