Ethereum Whale Sells After 900 Days, Missing Out on $27 Million Profit

An Ethereum whale has recently sold their entire stash of 10,000 Ether after holding it for 900 days, missing a peak profit of approximately $27.6 million. The sale occurred when the cryptocurrency was valued at around $1,578, significantly lower than its peak price of over $4,000.

Key Takeaways

• The whale purchased 10,000 ETH for $13 million in late 2022.

• The peak value of ETH reached $4,015 in December 2022.

• The whale realized a profit of $2.75 million from the sale.

• The current market conditions have seen ETH prices drop by 24% recently.

Whale's Purchase and Sale Details

The whale's journey began in October and November 2022 when they acquired 10,000 Ether at an average price of $1,295 per token. This investment totaled around $13 million. After holding the asset for nearly three years, the whale finally decided to sell, but not before missing out on a substantial profit opportunity.

• Initial Purchase: 10,000 ETH

• Purchase Price: $1,295 per ETH

• Total Investment: $13 million

The whale's decision to sell came when Ether was trading at approximately $1,578, resulting in a profit of $2.75 million. However, had they sold at the peak price of $4,015, their profit would have soared to $27.6 million.

Market Context

The cryptocurrency market has been experiencing significant volatility, with Ether's price recently dropping by 24% due to broader market sell-offs. This downturn was partly triggered by the Trump administration's announcement of sweeping global tariffs, which has affected investor sentiment across various asset classes.

• Current ETH Price: Approximately $1,426

• Peak ETH Price: $4,878 (November 2021)

• Recent Price Drop: 24% in the last week

Other Notable Whale Activities

In addition to the Ethereum whale's sale, other significant movements in the crypto market have been observed:

• A wallet linked to World Liberty Financial, a crypto project backed by Donald Trump, reportedly sold 5,471 ETH at a loss.

• Another unidentified whale had to inject 10,000 ETH to avoid liquidation of a larger position worth over $300 million.

• A separate whale lost 67,570 ETH due to liquidation on a decentralized finance lending platform.

These events highlight the ongoing challenges and risks faced by large investors in the volatile cryptocurrency market. As the market continues to fluctuate, the decisions made by these whales can have significant implications for their portfolios and the broader crypto ecosystem.

Conclusion

The sale of the Ethereum whale serves as a reminder of the unpredictable nature of cryptocurrency investments. While the potential for high returns exists, so too does the risk of missing out on profits during market fluctuations. Investors must remain vigilant and informed to navigate this dynamic landscape effectively.

Sources

• Ethereum whale sells ETH after 900 days, missing $27M possible peak profit, StartupNews.fyi.

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