Ethereum Whale Secures Profits from Recent Price Surge

A major Ethereum investor has taken advantage of the recent increase in ETH prices, liquidating 15,000 ETH and earning around $40 million.

This transaction follows a consistent pattern of the investor moving assets to exchanges before anticipated drops in price.

Data from SpotonChain reveals that this large Ethereum holder has been transferring significant amounts of ETH to centralized exchanges in anticipation of price declines. This comes shortly after Ethereum’s co-founder Vitalik Buterin moved 400 ETH to a crypto mixer, Railgun.

In the past month, this whale has shifted 25,000 ETH, worth approximately $74 million, to Kraken in two separate transactions.

READ MORE:

Cardano’s Next Major Upgrade to Launch on August 27

The latest sale involved 15,000 ETH at an average price of $2,645, just before Ethereum’s price fell by 2.5% to $2,591, with a market cap of $311 billion. Earlier, the same whale sold 10,000 ETH in July for $34.7 million at an average price of $3,420, which was followed by a 7.6% price drop.

Despite these large sell-offs, the investor still holds 41,639 ETH valued at $107 million, showing a significant profit of $131 million, up 86% from their initial investment.

This whale had purchased 96,639 ETH from Coinbase during the market downturn in September 2022 and sold 55,000 ETH for $176 million in March 2024 at an average price of $3,199.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.