The end of the American electoral campaign and the election of Donald Trump led to the explosion in the price of Bitcoin (BTC)exceeding $90,000 for the first time. For its part, ETH was not left out and also saw its price explode, flirting with $3,400.
- The end of the American electoral campaign with the election of Donald Trump caused a shock on the markets, with Bitcoin exceeding $90,000 for the first time.
- A whale massively acquired 18,000 ETH, investing almost $58 million, while the Ethereum Foundation sold 4,466 ETH to finance the development of the network.
A whale stocks up on ETH
While the price of ETH has resumed an upward trend, some investors seem to want to position themselves massively.
Thus, a whale identified by Lookonchain on the social network recently acquired a total of 18,000 ETHwithin 3 days. In practice, this corresponds to almost $58 million, at an average acquisition price of $3,201 per ETH.
In addition to this, this address, active since November 9, also holds 19.3 million dollars in Tether (USDT). Leaving some observers to envisage a possible additional accumulation of ETH in the event of a price drop.
This massive purchase comes as the price of ETH crossed the symbolic $3,000 mark for the first time since August 2024.
While some are stocking up on ETH, the Ethereum Foundation continues to sell ETH. Thus, since the beginning of the year, the Ethereum Foundation sold no less than 4,466 ETH, for a total estimated at more than $11 million. However, these sales are necessary to finance the development of the network.
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