ETH Whale Nets $93.7M, Sells Last 10K ETH After Scalping
An ETH whale has realized $93.7 million in profit through a series of scalping and swing trades on Ethereum. On-chain data shows it initially bought around 18,000 ETH at $4,487 for intra-day scalping, netting $76.1 million before executing a half-month swing trade. Between late September and early October, the whale acquired 80,835 ETH at an average price of $4,256 and sold the full position in batches on FalconX at an average of $4,458, adding $16.3 million to its gains. Recently, it transferred the final 10,000 ETH (worth $45 million) to FalconX, completing its take-profit. Post-trades, the whale holds $620 million in USDC, ready to capitalize on future dips. These large movements highlight the role of on-chain analytics in tracking whale activity. Traders may see short-term price volatility but view the scalping and swing strategies as a bullish indicator for ETH momentum.
Bullish
The ETH whale’s sizeable scalping and swing trades could temporarily increase price volatility due to large sell orders. However, the consistent profit-taking and accumulation of USDC reserves suggest strong conviction in ETH’s upside, often leading to renewed buying at dips. On-chain data shows whales capitalizing on intra-day spreads and medium-term swings, which traders interpret as bullish momentum signals. In the long term, continued whale interest and deployable capital can support price stability and upward pressure on ETH.