A whale who bet on $ETH right before the rally has closed out their position, walking away with an $8.93 million profit. According to BlockBeats On-chain Detection, the trader opened a long position of 20,000 ETH on August 19 and held on for over 56 days - at one point, their unrealized gains hit $17 million.

The initial stake was worth about $48.4 million, and the trade was fully closed following the price jump. #ETH #WhaleAlert #Ethereum #Macro Insights# #Altcoin Season#