Ethereum (ETH) price recorded its highest level in 15 weeks at $2,827 (approximately 39.36 million won) on June 10, approaching a breakthrough of the monthly box range. If it exceeds $2,700 (approximately 37.53 million won) on a daily closing basis, it will be the highest level since February 24. While the price had been staying between $2,300-$2,800 (approximately 31.97-38.95 million won) for a long time, some whales took this opportunity to realize significant profits in line with the market's upward trend.
According to the on-chain data analysis platform Lookonchain, an Ethereum whale has generated a net profit of $31 million (approximately 43.1 billion won) through two trades over the past 44 days. The whale purchased ETH worth $75.56 million (approximately 105.1 billion won) on May 27, and then sold 30,000 ETH for $82.76 million (approximately 115.1 billion won) through the over-the-counter (OTC) market on June 10, securing a profit of about $7.3 million (approximately 10.2 billion won) in a single trade.
As the whale investors continue to be active, the on-chain indicators of the Ethereum network are also showing a clear increase. The number of unique addresses on Ethereum in the second quarter surged by 70% compared to the previous quarter. Among these, Coinbase's Layer 2 expansion network Base emerged as a key growth factor, showing the fastest activity increase.
The price increase and network expansion are interpreted as indicators reflecting investor confidence in the Ethereum ecosystem. In particular, the recent crypto-friendly approach by former President Trump, creating positive policy expectations across the industry, is also influencing investment sentiment.
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