Ether Whale Misses Out on $27.6 Million in Profits After Selling Entire Stash

Ethereum Whale’s Missed Opportunity

An Ether whale who held 10,000 Ether for 900 days has sold their entire stash, missing out on a peak profit of $27.6 million when the cryptocurrency was worth over $4,000.

The Whale’s Purchase and Sale

According to blockchain analytics service Lookonchain, the whale initially bought 10,000 Ether across two transactions in October and November 2022 for $13 million, at an average price of $1,295 per token. The whale sold when Ether was around $1,578, according to Lookonchain.

The Whale’s Peak Profit

If the whale had sold when Ether broke through $4,000, the profit would have been $27.6 million. However, the whale sold, missing out on this significant profit.

Ethereum’s Market Performance

Ether is currently 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 November 10, 2021, about a year before the whale’s first purchase.

Trump’s World Liberty Financial Sells Part of ETH Stash

In a separate post, Lookonchain stated that the Donald Trump-backed crypto project, World Liberty Financial (WLF), might have also sold some of its Ether stash at a loss. The wallet possibly linked to World Liberty sold 5,471 ETH ($8.01M) at $1,465.

Two Other Whales Make Big Moves

Two other whales have also made big moves amid the market bloodbath. 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. 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.

Conclusion

The story of the Ether whale who missed out on a peak profit of $27.6 million serves as a reminder of the importance of timing in the cryptocurrency market. The whale’s decision to sell when Ether was around $1,578 meant they missed out on the opportunity to sell at a higher price and reap greater profits.

FAQs

Q: How much Ether did the whale sell?
A: The whale sold 10,000 Ether.

Q: What was the average price the whale paid for Ether?
A: The whale paid an average price of $1,295 per token.

Q: What was the peak profit the whale could have made if they had sold when Ether broke through $4,000?
A: The peak profit would have been $27.6 million.

Q: What is the current price of Ether?
A: The current price of Ether is around $1,426.

Q: Why did the whale miss out on the peak profit?
A: The whale sold when Ether was around $1,578, missing out on the opportunity to sell at a higher price.