Whale Withdraws 1,687 ETH from Gate.io: A $4.2 Million Move in an Accumulation Strategy
By: bitcoin ethereum news|2025/05/12 12:30:07
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COINOTAG News reports that on May 12th, scrutiny from LookIntoChain has revealed a significant movement of Ethereum (ETH) by a prominent whale address . This address has recently executed a withdrawal of 1,687 ETH from Gate.io , valued at approximately $4.2 million . Over the past three months, this whale has strategically liquidated a total of 50,165 ETH, amounting to around $104.5 million . Remarkably, during this period, the price of ETH hovered around $2,084 , enabling the entity to transform a paper loss of $21 million into a paper profit of $21.7 million . Such activities by large holders underscore the potential for market volatility and serve as a critical signal in monitoring crypto market dynamics . Source: https://en.coinotag.com/breakingnews/whale-withdraws-1687-eth-from-gate-io-a-4-2-million-move-in-an-accumulation-strategy/
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