Ethereum Whale Scores Massive Profit as ETH Surges Past $2,600

September brought surprising gains for the crypto market, with Ethereum rising above $2,600.

One trader, known as the “Ethereum Whale,” took full advantage of this rally, netting $554,000 in profit through a series of successful trades.

According to Lookonchain, this investor achieved a perfect track record with nine trades over the past six weeks. Starting with a $40,712 return in mid-August, his most profitable move came on September 26, when he invested $26.2 million to buy 10,206 ETH tokens and sold them later the same day for $27.8 million, securing the massive gain.

In total, his calculated market timing has earned him $2.11 million in profits, sparking interest across the crypto community. Some traders have even begun copying his moves, and many speculate that this level of whale activity could hint at a broader uptrend for Ethereum.

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Analyst Predicts Bitcoin to Break All-Time Highs by Year-End Despite Possible Dip

The Ethereum market has been recovering after dipping to $2,171 earlier this month. While trading volume spiked 22% on September 27, reaching $17.6 billion, Ethereum remains 46% below its November 2021 all-time high of $4,891. Network activity has also declined, with the average number of active accounts dropping by 16% in the past month.

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.