A whale that held 10,000 Ether for nearly 900 days has sold all of its holdings, potentially missing out on a maximum profit of $27.6 million. This amount was during the period when ETH exceeded $4,000.

On April 8, the blockchain analysis platform Lookonchain announced on X platform that this whale purchased a total of 10,000 ETH for about $13 million in October and November 2022, with an average purchase price of around $1,295.

Lookonchain stated, “Despite ETH surpassing $4,000, the whale did not sell. However, by selling today, it made a profit of $2.75 million, whereas at its peak, this profit could have reached $27.6 million.”

At the time of the sale, the price of ETH was around $1,578. According to CoinGecko data, ETH had reached a high of $4,015 on December 9 during the period when the whale held its ETH.

Currently, the price of ETH is around $1,426, and it has depreciated by 24% in the last seven days. The sharp decline is believed to be significantly impacted by the global trade tariffs announced during the Trump administration.

Did World Liberty Financial Sell ETH?

In another post on April 9, Lookonchain shared on X that a wallet potentially associated with World Liberty Financial, a project backed by Donald Trump, might have also sold Ether.

According to claims, this wallet sold 5,471 ETH, worth approximately $8.01 million, at a price of $1,465. Before this sale, the wallet contained a total of 67,498 Ether, which had been purchased at an average price of $3,259.

Other Whales Taking Action in the Market

During the sharp downturn in the crypto market, some investors made purchases while several large whales also executed noteworthy transactions.

On April 7, an unidentified investor had to add 10,000 ETH (worth around $14.5 million) to their position in order to prevent the 220,000 ETH (around $300 million) position from being liquidated.

However, not all investors were so fortunate. On April 6, a 67,570 ETH (approximately $106 million) position on the decentralized finance platform Sky was liquidated, leading to a significant loss for the investor.

Stay updated with the latest crypto news by clicking here!

The post Missed a $27 Million Profit with ETH Sale: Whale Sold After 900 Days appeared first on Coin Engineer.

The volatile nature of the crypto market is a fact familiar to every investor. One moment, the markets can be on the rise, and the next moment, they can fall. A similar situation is happening today; the crypto market lost more than 6%, while the global market value fell to $2.06 trillion. However, what is more striking than this decline in the market was that a crypto whale known for his profitable trades turned from a victory to a defeat, losing $15.7 million in Ethereum trading.

Despite His Profitable History, Crypto Whale Loses $15.7 Million

Popular crypto analytics platform Spot On Chain has revealed that a crypto whale who once made millions of dollars in profits was unable to maintain these gains due to a wrong trade he made. According to Spot On Chain’s X platform post, the whale account named “0x75ba13d7d2e0b7fc0b3e2b2038209fcc778bc62f” deposited 8,825 ETH worth around $24.1 million to one of the most popular crypto exchanges and suffered a heavy loss in this transaction.

The crypto whale had previously withdrawn 19,436 ETH ($68.21 million) from Binance at an average Ethereum price of $3,509. To carry out this transaction, he used two crypto wallets to make this withdrawal between May 29 and August 3, 2024. Then, on May 26, the whale deposited 8,825 ETH ($24.09 million) back to Binance, worth an average of $2,729. He took a big risk by selling at this price and lost a significant amount in this trade.

Might interest you: New Zealand Announced a New Crypto Tax Bill

However, the story does not end there; The whale, unable to analyze the situation, continued to hold 10,619 ETH ($28.45 million) in his personal wallet “0x4fa6” and is currently experiencing a loss of $15.7 million in this transaction, as the value of Ethereum has fallen even further.

While profits and losses are part of this industry, this situation is especially striking because this crypto investor has previously been known to sell at the top and buy at the bottom. The whale had earned $38 million from Ethereum trading between November 2022 and May 2024, making a 26.7% profit. However, on this third trade, he lost 23%, and this time the success story ended in defeat.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Profitable Crypto Whale Loses $15.7 Million in Ethereum Trading Loss appeared first on Coin Engineer.