An individual with a substantial investment in Ethereum, known as a “whale,” appears to be capitalizing on their investments after a year of holding. Data from Lookonchain shows that this investor made significant profits from their Ether holdings, with a recent series of transactions indicating a change in strategy. The movements of funds, including withdrawal and redepositing, suggest that the whale is now focused on taking advantage of short-term price fluctuations. This shift in approach could have implications for the cryptocurrency market.
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