A mysterious crypto whale has scored over $10 million in unrealized profit within just 72 hours after buying $111 million worth of ETH in a rapid three-day spree. According to on-chain analytics platform Arkham, the whale’s wallet, “0x9684…,” now holds more than 40,335 ETH, currently valued at $123.3 million.
This aggressive accumulation binge has already generated over $10 million in unrealized profit in just 72 hours, courtesy of Ethereum’s recent price rise to $3,056.9. The purchasing behavior indicates a well-thought-out plan. Just a few hours back, the wallet bought around 16,879 ETH worth around $51 million then.
Coincidentally, the same wallet had made a transaction of $49 million on an equally sized amount of ETH three days back. Together, the whale has acquired 40,335 ETH in three days, shelling out around $111 million.
At the time of writing, Ethereum is trading at $2,997.83 now with a mild 0.11% increase in value over the last 24 hours. The price ranged from a low of $2,948.03 to a high of $3,079.99 throughout the day.
This trend suggests the whale could be setting up for a longer-term hold or expecting a larger move in the price of Ethereum. With more than $123 million in ETH currently under its control, this wallet has rapidly become one of the more closely followed Ethereum holders on the platform.
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