If nothing unexpected happens, it will be between 2 and 4 a.m. on May 24th Beijing time, and it is possible that it will be slightly delayed to 6 a.m.
The news on whether the first batch of ETH spot ETF applications are approved or not will be released.
This also means that the ETH bulls and bears who have been anxiously fighting for several days, and even the bulls and bears in the entire crypto market, are about to fight to the death.
Whether it can be passed or not, ordinary people like us certainly cannot guess such a high-level matter. So, let’s take a look at how the whales in the crypto, who have always been omnipotent, operate.
Although they may not be able to predict the results, their actions may be worth our reference (entertainment).
This article only collects ETH-related whale transactions.
Justin Sun: I will sell a little bit
Previously, according to on-chain analyst Ember’s monitoring, Justin Sun held 665,000 ETH (US$2.447 billion), of which 390,000 (US$1.435 billion) were purchased at an average price of US$2,984 between the end of 2023 and the end of April this year.
The ETH community was discussing whether Sun Ge had more ETH than the Ethereum Foundation. On the 21st, Sun Ge quickly refuted the rumor: It was an exaggeration.
“We will be committed to building in this field for a long time. We do not think that we hold more Ethereum than the Ethereum Foundation. In fact, Ethereum is completely decentralized and no one currently holds more Ethereum than the community.”
Brother Sun is not only a master of cryptocurrency trading, but also a master of language.
Data shows that on the 21st, Sun unstaked 800 ETH from Lido and transferred it to the exchange Poloniex. On the 23rd, Sun unstaked another 660 ETH...
The amount is not large, but it puts a lot of psychological pressure on the community. After all, Brother Sun is an expert at escaping the top.
If the ETH spot ETF is approved tonight and ETH rises sharply, he will definitely make a lot of money.
The leader of the ETH bulls on the chain: unlimited bullets to increase positions, finally profitable
In the ETH ecosystem, when it comes to enthusiasm for cryptocurrency trading, whale James Fickel ranks second and no one dares to claim to be first.
This whale is a die-hard bull on the ETH/BTC exchange rate. Just today, he used 10.09 million USDC + 60 WBTC to buy 3,737 ETH at a price of $3,821.
From the beginning of January this year to date, he has borrowed a total of 2841 WBTC (198M) from Aave and sold them in exchange for long on the ETH/BTC exchange rate. The cost of the ETH/BTC exchange rate is 0.054.
With the current ETH/BTC exchange rate of 0.0545, he has finally turned a profit!
If Sun Ge is the local rich man who used huge funds to make the LRT project party cry, James Fickel should be the spiritual leader of the ETH bulls. Tonight, will he make a big profit, or will he fail?
Vitalik: Withdraw monthly and live a worry-free life
On the 22nd, Vitalik Buterin transferred 80 ETH (about 300,000 US dollars) through the privacy protocol Railgun.
Vitalik is bearish on ETFs? Don’t be afraid, this may be because he is withdrawing his living expenses on time.
Since October last year, Vitalik has transferred small amounts of ETH through Railgun once a month, and has transferred a total of 261.1 ETH (about 980,000 US dollars) so far.
Vitalik’s operation is worth learning from. If you make money in the crypto, you should spend it and not lose it in the exchange.
Ethereum co-founder Jeffrey Wilcke: The cards are clear, I have no chance
On May 23, according to Embers monitoring, Ethereum co-founder Jeffrey Wilcke transferred 10,000 ETH (about 37 million US dollars) to Kraken.
He has been transferring ETH to Kraken since 2016, and has transferred a total of 268,000 ETH to Kraken at an average price of 655 so far. He currently still holds 125,000 ETH.
Good boy, this is definitely an air force.
Ethereum Foundation: Paying salaries
According to Paidun’s monitoring, on May 17, the address associated with the Ethereum Foundation transferred 200 ETH to Kraken.
…
It may be to pay salaries. It should not be to escape the top (according to historical data, the Ethereum Foundation is a first-class expert in escaping the top).
The above are some of the operations of some well-known addresses that we have seen so far. In addition, there are some news and data showing that there have indeed been a lot of large purchases of ETH recently.
For example, BlockBeats reported that on May 23, according to monitoring by The Data Nerd, a whale withdrew a total of 25,024 ETH from Coinbase, equivalent to approximately US$93.79 million.
For example, on May 21, according to Scopescan, after the ETH price rebounded, the new wallet 0x6705 began to hoard ETH from Coinbase Prime. 0x6705 now holds 23,200 ETH (about 89 million US dollars).
Of course, there were also large sales. Also on the 23rd, according to @EmberCN monitoring, a whale who had made a profit of $20.8 million on ETH and LINK investments sold 7,502 ETH and converted them into 27.62 million USDC at a selling price of $3,682.
On the one hand, the above observable data shows the current popularity and trend of ETH transactions, but on the other hand, it is actually unable to accurately present and predict future price trends.
This article is just for fun.
