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A major ETH trader sold 5,064 Ethereum in 15 minutes with only a $3,375 profit
According to Blockbits news and chain analyst @ai_9684xtpa’s monitoring, on March 9th, a large Ethereum (ETH) trader closed out a substantial position in an extremely short period. The wallet 0x54d…e6029 sold 5,064 ETH, with a total value of approximately $9,998,900.
Details of the Sale
The most notable aspect of this transaction is the very narrow profit margin. The trader purchased ETH at $1,971.99 each and sold at $1,972.69 each. With this minimal price difference, the total profit on 5,064 coins was only $3,375 — roughly $0.70 profit per coin.
Impact of Large Traders on the Market
Such large-scale sales can generally have a significant impact on the market, especially when a large amount is sold in a short period. These strategic sales often attract market attention and can influence local price movements, although in this case, the trader was satisfied with minimal margins.