Two Giant Ethereum Whales Are on the Move! Someone Sold, Bought Loads of Whales with 100 Percent Winning Rate! Is the ETH Rally Beginning?

Despite the up-and-down ETF chart since spot Ethereum ETFs opened for trading, ETH price remains above $3,000.

While both buying and selling were carried out on the ETH front, a large amount of transactions were made today.

$126 Million Ethereum Transfer from Genesis!

Genesis, the cryptocurrency company that first went bankrupt at the beginning of 2023, sent ETH worth $126 million to 2 separate addresses early this morning.

Genesis, which made payments within the scope of the bankruptcy process and transferred thousands of Bitcoins for this purpose, again transferred ETH this time as part of the bankruptcy proceedings.

In this context, Genesis transferred 27,500 ETH (worth approximately $87.09 million) to an address starting with 0xcbCF and 12,500 ETH (worth approximately $39.59 million) to an address starting with 0x72FE.

Whale with 100 Percent Winning Rate on Ethereum Made a Purchase!

While Genesis transferred a large amount of Ethereum, the whale with a 100% win rate purchased ETH again this morning.

According to Lookonchain's post, this whale bought and sold ETH 7 times in the last 3 years. The whale, who managed to buy ETH at a low price and sell it at a high price in all of them, made a total profit of 38 million dollars.

While this whale is buying ETH again, the question “is this level the bottom? Is the rise in ETH starting?” brought questions.

Whale purchased 4,000 ETH worth $12.58 million this morning.

“The whale with a 100% win rate bought 4,000 ETH (worth $12.58 million) again 5 hours ago!

This whale bought and sold 7 ETH times between November 21, 2022 and May 23, 2024. The whale buys at low prices and sells at high prices every time and has a 100% winning rate, making a total profit of over 38 million dollars!

He has purchased a total of 17,012 ETH (worth $61 million) since May 29 at an average price of $3,587, losing $7.6 million at the current price.

Can he win again this time?”

A smart money with a 100% win rate bought 4,000 $ETH ($12.58M) again 5 hours ago!

This smart money bought and sold $ETH 7 times from Nov 21, 2022 and May 23, 2024, buying at low prices and selling at high prices each time, with a 100% win rate and a total profit of more than… pic.twitter.com/3fnCkyfmQT

— Lookonchain (@lookonchain) August 2, 2024

*This is not investment advice.