{"id":2256,"date":"2024-11-07T06:19:47","date_gmt":"2024-11-07T06:19:47","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=2256"},"modified":"2024-11-07T06:19:47","modified_gmt":"2024-11-07T06:19:47","slug":"ethereum-whales-wake-up-from-slumber-to-cash-out-90m-amid-rally-but-indicators-show-sentiment-can-flip","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=2256","title":{"rendered":"Ethereum Whales Wake Up From Slumber To Cash Out $90M Amid Rally, But Indicators Show Sentiment Can Flip"},"content":{"rendered":"<div>\n<p>Long-term holders of <strong>Ethereum<\/strong> (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/eth\/usd\">ETH<\/a>) began to profit-take on their holdings amid a rapid surge in the cryptocurrency\u2019s price.<\/p>\n<p><strong>What Happened<\/strong>: Two long-term investors sold a total of 33,701 ETH, worth $89.72 million, on Wednesday, according to on-chain tracking platform Spot On Chain.<\/p>\n<p>A whale offloaded 25,000 ETH, earned from the project\u2019s Initial Coin Offering (ICO) in 2014, to popular cryptocurrency exchange <strong>Kraken<\/strong>, leaving a balance of 64,450 ETH. The sale amounted to nearly $65.67 million.<\/p>\n<p>During the ICO, the price of ETH was $0.311 per unit, bringing the total cost basis of 25,000 ETH to $7,775. With the sale, the investor netted a staggeting profit of 844530%.<\/p>\n<p>Similarly, an investor reappeared after 8.75 years to sell 8,701 ETH for $24.05 million in <strong>USD Coin<\/strong> (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/\">USDC<\/a>) at approximately &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/11\/41796743\/ethereum-whales-wake-up-from-slumber-to-cash-out-90m-amid-rally-but-indicators-show-sentim\" alt=\"Ethereum\" whales wake up from slumber to cash out amid rally but indicators show sentiment can flip>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Long-term holders of Ethereum (CRYPTO: ETH) began to profit-take on their holdings amid a rapid surge in the cryptocurrency\u2019s price. What Happened: Two long-term investors sold a total of 33,701 ETH, worth $89.72 million, on Wednesday, according to on-chain tracking platform Spot On Chain. A whale offloaded 25,000 ETH, earned from the project\u2019s Initial Coin [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-2256","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/2256","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2256"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/2256\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2256"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}