An Ethereum whale recently sold their entire stash of 10,000 Ether after holding it for 900 days.
This decision resulted in the whale missing out on a potential peak profit of $27.6 million, which could have been realized when Ether reached over $4,000.
The whale initially purchased the 10,000 Ether across two transactions in October and November 2022 for a total of $13 million, with an average price of $1,295 per token. Despite Ether reaching a high of $4,015 on December 9, the whale did not sell during this period. Instead, they exited the market when Ether was valued at approximately $1,578, securing a profit of $2.75 million.
The sale comes amid a broader market downturn, with Ether experiencing a 24% decline over the past week. This slump is attributed to global economic factors, including the Trump administration’s sweeping tariffs. Ethereum’s all-time high was $4,878 on November 10, 2021, about a year before the whale’s initial purchase.
In related news, a wallet possibly linked to World Liberty Financial (WLF), a crypto project backed by Donald Trump, sold 5,471 Ether at $1,465, reportedly at a loss. WLF had previously held a stash of 67,498 Ether purchased at an average price of $3,259.
Additionally, another unidentified whale injected 10,000 Ether (worth over $14.5 million) to prevent the liquidation of their position of 220,000 Ether, valued at more than $300 million. Conversely, a different whale lost 67,570 Ether, worth around $106 million, due to liquidation on a decentralized finance lending platform.
Notably, Ethereum developers have scheduled the Pectra upgrade for May 7, 2025, following successful testing. This major upgrade combines Prague and Electra, introducing eleven Ethereum Improvement Proposals aimed at enhancing network speed, security, and user experience. Key changes include smart account functionality for wallets and an increased staking limit per validator. Despite recent market performance challenges for Ethereum, developers are optimistic that Pectra will attract more users and boost investor confidence.
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