Key Points
- An Ethereum whale sold 10,000 ETH after holding for 900 days, missing a potential peak profit of $27.6 million.
- The whale sold at a price of $1,578 per ETH, making a profit of $2.75 million.
- World Liberty Financial, a Trump-backed crypto project, sold part of its ETH stash at a loss.
- Two other whales made significant moves during a market downturn, with one saving a position worth over $300 million and another losing $106 million.
Summary
An Ethereum whale, who had held 10,000 ETH for 900 days, sold their entire stash recently, missing out on a potential peak profit of $27.6 million when ETH was valued over $4,000. The whale initially purchased the ETH in October and November 2022 for $13 million, at an average price of $1,295 per token. Despite the missed opportunity, the whale still managed to secure a profit of $2.75 million by selling at around $1,578 per ETH. In a related development, World Liberty Financial, a crypto project backed by Donald Trump, also sold part of its Ether holdings at a loss. Amidst a broader market sell-off, two other whales made significant moves; one managed to save a position worth over $300 million, while another faced a liquidation loss of $106 million. These events highlight the volatile nature of cryptocurrency markets and the high stakes involved in holding and trading large amounts of digital assets.