In a stunning development, a mysterious Ethereum whale has raked in $1.52 million in unrealized profits with a 30,000 ETH purchase. As reported by Lookonchain earlier today, the savvy trader spent $75.39 million to acquire these 30k ETH tokens through an over-the-counter (OTC) deal. While the purchase was made reportedly at an average price of $2,513 per token, it is now valued at a total of $76.91 million as the ETH price rose to $2,594. Ethereum Whale Gains $1.52M via 30K ETH Purchase According to data revealed by Lookonchain, an Ethereum whale has made a massive purchase of 30,000 ETH, spending $75.39. With a significant hike in the ETH price, the whale gained a staggering profit of $1.52 million. Though ETH surged to a three-day high of $2,594, it soon plunged to $2,554. Significantly, this Ethereum whale has a proven track record of savvy trades, implementing strategic buy-low, sell-high methods…. Read More at Coingape.com

The post Mysterious Ethereum Whale Nets $1.52M in Unrealized Profits as ETH Price Jumps appeared first on CoinGape.

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