2023-07-16 12:42:05
The latest information reveals that the dealer Ethereum (ETH) is selling off their ETH in a big way. One example related to the transaction is the dealer selling 4,549 ETH for approximately $8.78 million, with ETH priced at approximately $1,930 approximately 14 hours ago.
What’s more, the bookie started spending $6 million to purchase 4,549 ETH of Ethereum at $1,319 on January 9th, meaning they made around $2.78 million in profit.
This ETH dealer sell-off pattern may be triggered by strategic moves to reap the benefits of the recent coin appreciation. The current market situation has largely benefited from the positive court ruling in favor of Ripple’s XRP, which has had a ripple effect on other cryptocurrencies, including Ethereum itself.
The court ruling seems to boost market sentiment. cryptocurrency overall very This led to huge price increases for many coins, including Ethereum.
Following the court decision, XRP Ethereum rose to around $2000. The rally in price of the coin has undoubtedly opened up profitable opportunities for ETH dealers who held the coin at lower prices.
Maybe we will see dealers sell once more during the erratic market volatility.
source : U.Today
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