The end of the American election campaign and the election of Donald Trump led to bitcoin (btc) price rise exceeded $90,000 for the first time. ETH was not left out and its price also exploded, flirting with $3,400.
- The end of the US election campaign with the election of Donald Trump caused a shock in the markets, Bitcoin surpassed $90,000 for the first time.
- The whale massively raised 18,000 ETH, investing nearly $58 million, while the Ethereum Foundation sold 4,466 ETH to fund the development of the network.
The whale is supplied with ETH
While the price of ETH has resumed its uptrend, some investors seem to want to position themselves massively.
So a whale identified by Lookonchain on a social network recently raised a total of 18,000 ETHwithin 3 days. In practice, this equates to almost $58 million, at an average purchase price of $3,201 per ETH.
In addition, this address is also maintained, active since November 9 $19.3 million in Tether (USDT). We leave some observers to imagine the possible further accumulation of ETH in the event of a price drop.
This massive purchase comes as the price of ETH has crossed the symbolic $3,000 mark for the first time since August 2024.
While some are hoarding ETH, the Ethereum Foundation continues to sell ETH. So since the beginning of the year The Ethereum Foundation sold no less than 4,466 ETH for a total estimated value of more than $11 million. However, these sales are necessary to finance the development of the network.
