Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ALTCOIN NEWS»Is Ethereum Whale’s HODLing Advice on Buying $128 Million ETH Right for You?
ALTCOIN NEWS

Is Ethereum Whale’s HODLing Advice on Buying $128 Million ETH Right for You?

By Crypto FlexsApril 19, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Is Ethereum Whale’s HODLing Advice on Buying 8 Million ETH Right for You?
Share
Facebook Twitter LinkedIn Pinterest Email
  • One whale was spotted accumulating ETH despite high unrealized losses.
  • In recent weeks, the supply of ETH held by addresses that are not part of exchanges has increased.

Ethereum (ETH) price corrected sharply in early Asian trading on Friday as tensions between Israel and Iran escalated. Although its value had recovered to over $3,000 at press time, the second-largest cryptocurrency has been largely in the red over the past week. In fact, it has lost more than 12% of its valuation, according to CoinMarketCap.

ETH profitability declines

The sluggish performance reduced the network’s unrealized net income. AMBCrypto examined the same using data from Glassnode and found that the number of profitable ETH holders has declined sharply.

Ethereum Unrealized P&L

Source: Glassnode

When their portfolios face this risk, many participants begin to capitulate and panic selling occurs. However, the actions of certain whale investors have piqued market interest.

Whales keep buying without panicking

According to Spot On Chain, an on-chain tracking platform, “huge” whales are accumulating ETH despite unrealized losses. Risk-taking investors have sold 41,358 ETH over the past five days, worth about $128 million at current prices.

In total, the whale currently holds a whopping 117,268 ETH coins, which would result in a loss of around $20 million if sold.

However, the accumulation pattern was not limited to the aforementioned whales. AMBCrypto looked deeper using Santiment data and discovered a steady increase in the supply of ETH held by addresses that are not part of exchanges.

This HODLing trend is a sign of confidence in the price of ETH over the long term. These addresses can expect ETH to bounce and bounce back.

ETH supply held by top non-exchange addressesETH supply held by top non-exchange addresses

Source: Santiment


Is your portfolio green? Check out our ETH Profit Calculator


What do you expect next?

As of this writing, the Ethereum market is neutral according to the latest figures from the Ethereum Fear and Greed Index. This means balanced market sentiment without a strong bias towards buying and selling.

The Bitcoin (BTC) halving is expected to have ripple effects across the broader market, including ETH. ETH’s trajectory following the last halving in 2020 mirrored that of BTC, with both major assets hitting new highs in the following year.

Next: Solana – Here’s the $13 Million Reason Behind SOL’s Recent Rally.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

SEI tokens have soared more than 100% in June -the highest catalyst explained.

June 26, 2025

$ 438m XRP Transfer Sparks Panic- Ripple?

June 19, 2025

Solana Price Eyes 103% Rally $ 300: Here is the reason.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 2025

Join Earn Mining To Mine Easily And Earn $7752 A Day

June 26, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025
Most Popular

Is Uniswap’s 67% Fee Increase Amid SEC Lawsuit Justifiable?

April 14, 2024

Bitcoin Blockchain’s First ICO: $3.1 Million Raised in 6 Days

February 21, 2024

Open, WEBisOpen Point system launched to promote AI infrastructure

January 7, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.