Whale Makes Bold $ETH Move After $30M Profit
After banking $30M from ETH, a smart whale buys back at a higher price. Is another win in the making?
- Whale sold 30,000 ETH, making $6.72M in 15 days
- Total ETH profit since April: $30.45M
- Bought back 16,500 ETH at a higher price
A well-known crypto whale has made headlines again with another calculated Ethereum ($ETH) trade. Just days after selling a massive chunk of ETH for a solid profit, this smart money player jumped back into the market—this time, buying at a higher price.
On June 10, this whale executed an over-the-counter (OTC) deal with Wintermute, selling 30,000 ETH for $78.63 million. The average selling price was $2,621, resulting in a $6.72 million profit (+8.91%) after holding for just 15 days. Since April 27, the total ETH profit for this address has reached an impressive $30.45 million, marking a return of over 23.4%.
A Surprising Re-Entry
Just 11 hours ago, this same whale made an unexpected move—buying back 16,500 ETH from Wintermute for $46.5 million. That’s an average buy-in of $2,818 per ETH, noticeably higher than the earlier selling price. This action signals strong confidence in Ethereum’s future price potential, despite the recent profits already locked in.
This type of aggressive re-entry after such a big win highlights the whale’s bullish outlook. Whether this marks the start of another successful trade cycle or a riskier bet remains to be seen. But one thing is clear: smart money is far from done with ETH.
What’s Next for Ethereum?
Ethereum has shown strength recently, and big players are clearly taking note. While retail investors may hesitate after such volatile swings, this whale’s move could be interpreted as a signal of further bullish momentum ahead.
As always, it’s crucial to do your own research. But tracking these institutional behaviors offers valuable insights into market sentiment—and potential future trends.
Read also:
- Ethereum Drops 11% Amid Middle East Tensions — Support in Sight
- Could Bitcoin Become the World’s Reserve Currency?
- App Store Approves SaruTobi Bitcoin Game
- PEPE Whale Deposit Signals Market Exit Strategy
- KuCoin Launches Licensed Crypto Exchange in Thailand
