Ethereum whale sells ETH after 900 days, missing $27M possible peak profit

Key Points

  • An Ethereum whale sold 10,000 ETH after holding for 900 days, missing a potential peak profit of $27.6 million.
  • The whale sold at a price of $1,578 per ETH, making a profit of $2.75 million.
  • World Liberty Financial, a Trump-backed crypto project, sold part of its ETH stash at a loss.
  • Two other whales made significant moves during a market downturn, with one saving a position worth over $300 million and another losing $106 million.

Summary

An Ethereum whale, who had held 10,000 ETH for 900 days, sold their entire stash recently, missing out on a potential peak profit of $27.6 million when ETH was valued over $4,000. The whale initially purchased the ETH in October and November 2022 for $13 million, at an average price of $1,295 per token. Despite the missed opportunity, the whale still managed to secure a profit of $2.75 million by selling at around $1,578 per ETH. In a related development, World Liberty Financial, a crypto project backed by Donald Trump, also sold part of its Ether holdings at a loss. Amidst a broader market sell-off, two other whales made significant moves; one managed to save a position worth over $300 million, while another faced a liquidation loss of $106 million. These events highlight the volatile nature of cryptocurrency markets and the high stakes involved in holding and trading large amounts of digital assets.

cointelegraph
April 10, 2025
Crypto
Read article

Related news