Apr 9, 2025
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Major Ethereum Whale Dumps 10,000 ETH After 900 Days of Holding
An Ethereum whale has sold 10,000 ETH after holding for over 900 days, realizing a profit of $2.75 million despite a peak unrealized profit of $27.6 million. The sale occurred as the price fell below $1,500, nearing the average entry price of $1,295.
Key Points
- The whale originally bought 10,000 ETH for $12.95 million.
- Whale activity suggests potential further declines in Ethereum's price.
- Over 500,000 ETH were dumped by whales within 48 hours amid a broader crypto market crash.
- Market concerns are linked to Donald Trump's tariffs leading to trade tensions with China.
- World Liberty Financial, another significant holder, sold 5,471 ETH for $8.01 million, facing substantial losses.
- Ethereum is currently trading around $1,400, down over 8% in the last 24 hours.
