An Ether whale who had held 10,000 Ether for the last 900 days has sold their entire stash and missed out on a peak profit of $27.6 million when the cryptocurrency was worth over $4,000.
The whale initially bought a total of 10,000 Ether (ETH) across two transactions in October and November 2022 for $13 million at the time for an average price of $1,295 per token, blockchain analytics service Lookonchain said in an April 8 X post.
“He didn’t sell when Ether broke through $4,000. But today, he exited with a $2.75 million profit. The profit at the peak was $27.6 million,” Lookonchain said.
Source: Lookonchain
The whale sold when Ether was around $1,578, according to Lookonchain. Within the period that the whale wallet was holding its stack, Ether hit a high of $4,015 on Dec. 9, CoinGecko data shows.
Ether is sitting at around $1,426, down 24% over the last seven days amid a broader market sell-off sparked by the Trump administration’s sweeping global tariffs.
ETH hit its all-time high of $4,878 on Nov. 10, 2021, about a year before the whale’s first purchase.
Trump’s World Liberty Financial sells part of ETH stash
In a separate April 9 post to X, Lookonchain said the Donald Trump-backed crypto project, World Liberty Financial (WLF), might have also sold some of its Ether stash at a loss.
“A wallet possibly linked to World Liberty sold 5,471 ETH ($8.01M) at $1,465,” Lookonchain wrote.
Source: Lookonchain
Before the supposed sale, Lookonchain said World Liberty Financial had a stash of 67,498 Ether, which it bought at an average price of $3,259.
Related: Trump tariffs could lower Bitcoin miner prices outside US, says mining exec
Two other whales have also made big moves amid a market bloodbath that has seen some traders buying the dip.
On April 7, an unidentified crypto whale had to inject 10,000 Ether— worth more than $14.5 million, to save their position of 220,000 Ether worth more than $300 million from liquidation amid the market slump.
Another whale wasn’t as lucky, losing 67,570 Ether on April 6, worth around $106 million, when their significant position on decentralized finance lending platform Sky was liquidated.
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