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Massive Ethereum Whale Rakes in $145M Profit with Precision Trades

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  • Whale “0x682” profits $145M, trading 96,639 $ETH over 2.25 years
  • Whale Sells 15K $ETH Before Market Dip, holding $69.7M unrealized
  • Ethereum ($ETH) nears breakout after 1,460-day consolidation period

Ethereum’s price action heats up as whale “0x682” continues cashing in on $ETH profits. With $145M realized gains and a strategic trading history, the whale’s moves stir speculation as $ETH nears a critical breakout after 1,460 days of consolidation.

Whales with Massive Profits Cash in on Ethereum

An Ethereum whale “0x682” withdrew 96,639 ETH from Coinbase at an average price of $1,580 in September 2022. The whale deposited the ETH to Kraken at an average price of $3,080 in 2024. This calculated strategy could yield a profit of $145 million at 95% after 2.25 years if these were indeed trades.

The whale deposited the last deposit  of 11,639 $ETH on December 9, 2024, marking the end of their trading cycle. This systematic profit-taking shows how whales leverage market trends and price volatility to make their big profits and impact market momentum.

$ETH Whale Offloads 15K ETH Before Price Drops Again

Another whale, “0x682”, deposited 15,000 $ETH worth $38.4 million to Kraken, before a significant price drop. Previously the whale deposited 10,000 $ETH worth $34.2 million on July 25 which led to a price drop of 7.6% . Moreover, the whale sold 15,000 $ETH worth $39.7 million on August 20 and saw the price decrease by 2.5%.

Currently, the whale holds 26,639 ETH worth $69.7 million with unrealized profits of $27.65 million. These holdings combined with realized profits of $104.28 million brings the whales total profit margin to 86%. The consistency of these trades has sparked speculations about the impact of his future trades on Ethereum’s price among investors.

$ETH Nears Breakout After 1,460 Days of Consolidation

Ethereum’s price is close to a potential breakout after a 1,460-day consolidation period. This consolidation has witnessed cyclical price peaks and troughs, where whales like “0x682” leverage these fluctuations for strategic trading. The market’s behavior points to a price action in the market, with traders and analysts keenly observing the Ethereum price action for a bullish trend.

The whale’s recent transactions have attracted interest from market players as they often impact price changes.The whale has profited from strategic sale of $ETH during price surges which has also contributed to volatility. The completion of the consolidation period of Ethereum marks a potential shift in the price which has attracted the attention of retail and institutional investors.