Ethereum Gives Rise Signal: Adding to Losing Whale Positions!

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