A whale attracted great attention with its massive transactions in Ethereum.
The on-chain data platform Lookonchain shared on Twitter on March 25, featuring a whale that caught attention with its large transactions in Ethereum (ETH).
Yesterday, the whale transferred approximately 11,275 Ethereum worth $37.4 million to Binance at a loss of about $500,000. The investor quickly changed their mind and withdrew 9,092 Ethereum worth $31.7 million from Binance as the price of Ethereum increased.
Not content with that, the whale borrowed $18 million worth of Tether (USDT) to be able to buy more Ethereum. These moves indicate that the investor’s expectations for the rise of Ethereum have reignited.
According to CoinGecko data, Ethereum, which fell as far as $3,150 due to the correction in Bitcoin, later recovered and rose to $3,464 at the time of writing.
