7 Siblings bought 10,792 ETH for 22 million USDC.
On-chain analyst Ember reported that the whale made the purchase about 9 hours ago at an average price of around $2,038, after ETH had recently fallen about 15%. Previously, after ETH broke below a level in June, it bought at $1,789. Then, after ETH briefly rose 20% in August, it sold 18,500 ETH at an average price of $2,356, making a profit of about $10.49 million.
· According to Ember, the address’s strategy is to buy when ETH drops more than 10% in the short term and sell when it rises more than 10%. This purchase was the third trade following the same pattern.
· This is the on-chain activity of a single address and is not enough to determine whether the market has bottomed.
Are you more interested in its average purchase price or the timing of its subsequent sales?
On-chain analyst Ember reported that the whale made the purchase about 9 hours ago at an average price of around $2,038, after ETH had recently fallen about 15%. Previously, after ETH broke below a level in June, it bought at $1,789. Then, after ETH briefly rose 20% in August, it sold 18,500 ETH at an average price of $2,356, making a profit of about $10.49 million.
· According to Ember, the address’s strategy is to buy when ETH drops more than 10% in the short term and sell when it rises more than 10%. This purchase was the third trade following the same pattern.
· This is the on-chain activity of a single address and is not enough to determine whether the market has bottomed.
Are you more interested in its average purchase price or the timing of its subsequent sales?
