Whale Activity: Ethereum Transactions Reach Over $6 Million

A substantial transaction activity has been observed involving a prominent Ethereum address labeled ‘0x3aFE.’ According to Lookonchain, the whale executed two significant trades on August 25th. First, they sold approximately 1,900 ETH at a local high of $4,574, netting an estimated profit of $8.69 million. Subsequently, they repurchased 2,017 ETH at a price of $3,061, resulting in a purchase cost of roughly $6.17 million. This whale’s activity showcases the high liquidity and volatility within the Ethereum ecosystem.