Ethereum Whale Locks in $7.6M Profit by Selling 2,501 ETH
A significant Ethereum whale (address 0xe42…08A) that acquired 6,918 ETH at an average price of $3,613 in November has sold 2,501 ETH on Binance for approximately $11.71 million. After nine months of holding, the whale realized an overall profit of $7.6 million on its entire 6,918 ETH position. The move signals selective profit-taking while maintaining a substantial 4,417 ETH stake, underlining both market confidence and prudent risk management. Crypto traders should note this strategic partial sell-off: it reflects liquidity needs or short-term price resistance near current levels, yet sustained holdings suggest bullish long-term sentiment toward Ethereum.
Neutral
The partial sale of 2,501 ETH by a whale realizing $7.6M in profits represents strategic profit-taking rather than a full exit. In past instances, such targeted offloading has exerted temporary selling pressure but did not trigger sustained downtrends, as whales often retain long-term conviction. By keeping over 4,400 ETH, the whale signals confidence in Ethereum’s future trajectory. Short-term traders may see this as a mild bearish signal due to profit realization, but the held remainder and overall profit underscores continued bullish sentiment. Market impact is thus expected to be neutral, with potential for modest volatility around current price levels.