A prominent crypto trader, known for strategic moves post-flash crash, significantly increased their Ethereum (ETH) holdings ahead of a rate cut announcement. Between 01:31 and 03:03, the trader added 100,985.83 ETH, valued at over $335 million, with an average entry price of $3,158.57.
Following the rate cut, ETH briefly surged to $3,447, boosting the trader's unrealized gains to $29.17 million, before settling back to $16.81 million. The trader also placed a limit order to buy 19,108.68 ETH at $3,280, worth $62.67 million, which remains unfilled. Despite the market movements, no reduction in holdings was reported post-announcement.
Crypto Trader Increases ETH Holdings to Over $335 Million Pre-Rate Cut
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