Dormant Ethereum Whale Made $30M With Crypto Trading

ETH price has surged 11% in the last 24 hours, attracting every crypto trading enthusiast towards itself, including this dormant Ethereum whale.

After remaining dormant for eight years, an Ethereum whale has finally returned to the market, cashing out a significant amount of ETH tokens. According to data shared by on-chain analytics platform Lookonchain, the whale’s recent activity has netted them a hefty sum.

As per the platform's post, this crypto whale has been inactive for 8 years, and now, this crypto whale has sold 11,005 $ETH, making $30.56M with the ETH price of $2,777.

The dormant Ethereum whale woke up and sold 11,005 $ETH (30.56M) and the ETH price went up to $2.8k. Now, what else do you need to get hyped about crypto?

As the crypto industry witnessed one of its biggest events, with Donald Trump being declared the 47th President of the United States, the market has seen a lot of activity. This, coupled with the recent Bitcoin price hitting a new all-time high, has brought back the enthusiasm among traders.

Over the last 24 hours, the crypto market has seen a 9% surge in global market capitalization, which currently stands at $2.43 trillion. More importantly, the trading volume has also seen a significant boost, reaching $180 billion with an impressive 5% increase. This surge in enthusiasm and liquidity, following the Bitcoin price hitting a new ATH ($76,460.15), has guided the global cryptocurrency market to a 9%αι surge.

Recently, a dormant Ethereum whale woke up and sold 65,630 ETH to Kraken, which sparked concerns among many. However, despite this selling, the token has remained bullish and is continuously moving up, currently priced at $2.8k. Moreover, the token has a market capitalization of $336 billion and a trading volume of $38 billion, which is still impressive, especially after its earlier constant drop.

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