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- An Ethereum whale sold 10,000 ETH after 900 days, locking in just $2.75M profit and missing a potential $27.6M gain if sold at December 2023’s $4,015 peak.
- The whale sold at ~$1,578 per ETH, far below ETH’s ATH of $4,878, as the market slumped amid global tariffs.
- Meanwhile, another whale added 10,000 ETH to defend a $300M position, as others faced forced liquidations and steep losses.
An Ethereum whale has offloaded their entire stash of 10,000 ETH after nearly 900 days of holding, missing out on a potential windfall of over $27 million had they sold at Ether’s previous market peak.
According to blockchain analytics platform Lookonchain, the whale initially accumulated 10,000 ETH in two separate transactions back in October and November 2022, shelling out roughly $13 million at an average cost of $1,295 per coin.
But despite Ethereum soaring to $4,015 in December 2023, the investor held firm perhaps too firm.
“He didn’t sell when Ether broke through $4,000,” Lookonchain posted on April 8 via X. “But today, he exited with just a $2.75 million profit. The profit at the peak was $27.6 million.”
Whales Dump Ethereum as Trump Wallet Sells 8M ETH
The whale sold their holdings when Ether was trading around $1,578 well below its December 2023 high and significantly under its all-time high of $4,878 recorded on November 10, 2021. Ether is currently trading at approximately $1,475, down 21% over the past week amid a sharp market correction triggered by sweeping global tariffs introduced by the Trump administration.
The whale’s missed opportunity highlights the psychological challenge of timing the market and the risks of “diamond hands” in volatile conditions.
Meanwhile, another key player may have also suffered a blow. A wallet allegedly linked to Donald Trump-backed crypto initiative World Liberty Financial (WLF) reportedly sold 5,471 ETH worth approximately $8.01 million for $1,465 per token, according to Lookonchain’s April 9 post.
Prior to the sale, WLF was said to be holding 67,498 ETH, acquired at an average entry price of $3,259, suggesting a substantial unrealized loss if more sales occur at current levels.
Ethereum Whales Battle in $300M Market Showdown
On April 7, a separate unidentified whale injected 10,000 ETH (valued at over $14.5 million) into their position to prevent the liquidation of a massive 220,000 ETH stake worth more than $300 million during the recent slump.
However, not all were able to act in time. Just a day earlier, on April 6, another whale was liquidated on the decentralized finance platform Sky, losing a jaw-dropping 67,570 ETH an estimated $106 million amid cascading sell pressure.
The past few days have served as a sobering reminder of the sheer volatility of crypto markets. From missed profits to forced liquidations, even the biggest players are not immune to market swings. As Ethereum struggles to regain momentum, all eyes remain on whale movements for clues on where the market could head next.
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