Smart trader buys $34M in ETH as Ethereum Foundation sells $340k
The Ethereum Foundation sold $340,000 worth of 100 ETH again on November 12 – a controversial activity among Ethereum investors. However, a smart money trader has absorbed 100 times more of this sell pressure in a $34 million purchase. In particular, the smart money trader bought 10,364 ETH through multiple operations against Tether’s USDT, as reported by Lookonchain . These purchases happened as Ethereum (ETH) aggressively retraced by over 3% this morning, together with all other cryptocurrencies. Notably, Lookonchain has been monitoring this profitable whale through six different wallet addresses, trading 15 times since August 12. The smart money profited in 14 out of the 15 trades, amassing $4.95 million with a 93% win rate. Picks for you This is the event that will force MicroStrategy to sell Bitcoin, warns expert ...