According to data from Arkham and analysis by Odaily, a prominent smart money address that had previously realized $4.577 million in profits from Ethereum transactions recently sold 3,441 ETH, securing an additional gain of $1.033 million. This address acquired the cryptocurrency on June 13 at an average price of $2,655 per ETH and liquidated the holdings approximately 34 days later, in mid-July, at an average price of $2,956 per unit. This transaction yielded an 11.3% return over a relatively short holding period.
The activity exemplifies the strategic approach employed by smart money investors, reflecting a market environment wherein participants are actively engaging in Ethereum trading to capture short-term profits. This pattern underscores growing interest and evolving opportunities within blockchain and cryptocurrency markets, motivating investors to capitalize on favorable price movements. Moreover, the recent appreciation of Ethereum’s value has directly contributed to the success of such investments, highlighting broader trends of increased participation and dynamic trading behavior in the crypto asset space.
Source: binance
