Ethereum (ETH) experienced a significant surge, climbing nearly 10% within a week. Prominent traders, often referred to as 'whales,' have capitalized on market movements, with one trader executing a strategic trade of 10,206 ETH, equivalent to approximately $27.8 million, resulting in a profit of $554,000.
This substantial transaction occurred just 30 minutes prior to crucial news that further influenced market dynamics. Such precise trading showcases the invaluable market insights and strategies employed by experienced traders within the cryptocurrency space.
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