October 14th 2026, 6:25 AM
Ethereum Whale Cashes Out With $24.5 Million Gain
Key Summary
A major Ethereum whale has sold off its entire position, netting a profit of $24.5 million after selling 52,001 ETH coins. The whale, which initially invested $112.4 million, sold its remaining ETH at an average price of $2,632, resulting in a massive profit. This follows a series of large selloffs by the whale, with the latest sale coming after the asset's price increased to $2,507.47.
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Background Context
One massive Ethereum (ETH) whale has just sold off all their positions, earning a massive $24.5 million profit after dumping over 52,000 ETH coins, according to blockchain analytics platform Lookonchain.Analysis
The whale, a major over-the-counter (OTC) investor, initially invested approximately $112.4 million into the positions, resulting in a combined average price of $2,162 per ETH for the initial collection. This whale has now unloaded the entire portfolio for an average price of $2,632, resulting in a massive $24.48 million profit.Market Impact
As a result of this selloff, the Ethereum (ETH) price has increased to $2,507.47, up 0.7% over the last 24 hours, according to CoinGecko data. This move is part of a larger trend of whales increasing their exposure to ETH while others are locking in profits.- \1\1\1\1
Regulatory Enforcement
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A photo of a whale breaching the surface of the ocean, with the Ethereum logo in the distance, capturing the massive profit made by the whale.
#Ethereum#Crypto#OTCInvestor