Anonymous Ethereum whale is catching the moment. While multiple investors sell their ETH holdings in panic, this blocke is enjoying the opportunity to buy the dip.
Ethereum has taken a hit. The cryptocurrency broke below $3,000 for the first time in months. It's down 4.76% in 24 hours. Current price? Just over $2,900.
Retail investors are panicking. But not everyone's running scared. On-chain data shows a different story. A whale investor is gobbling up ETH like it's going out of style.
This isn't just any whale. We're talking about an investor with a perfect track record. They've been right 100% of the time. And they've been loading up on ETH for two months straight.
Lookonchain, a social media tracker, spilled the beans on X. The whale just bought another 2,424 ETH. That's $7.22 million at current prices. It's not pocket change.
But here's the kicker: since May 29, this whale has bought 19,436 ETH. Total value? $68.25 million. Average price? $3,511 per ETH. Do the math, and you'll see they're down about $8 million right now.
Sounds crazy, right? Maybe not. This whale has been spot-on since November 2022. They've been buying low and selling high like clockwork.
Between November 21, 2022, and May 23, 2024, this investor made over $38 million in profits. They seem to have a sixth sense for ETH's ups and downs.
Now, they're doubling down despite the market slump. It's a bold move. But given their track record, it's hard to dismiss.
Is this whale onto something? Or is their luck about to run out? The crypto world is watching closely.
