- Whale sold 10,000 ETH after holding since 2022.
- Exited with $2.75M profit, missing out on $27.6M peak gain.
- Sale signals possible fear or strategy shift in market.
A 900-Day Hold Ends in Capitulation
In a move catching the attention of on-chain analysts and traders alike, an Ethereum whale capitulated today after holding 10,000 ETH for over 900 days. The whale originally acquired the ETH on October 4 and November 14, 2022, at an average price of $1,295, totaling approximately $12.95 million.
Despite witnessing Ethereum’s price surge past $4,000 during the last bull cycle, the whale chose not to sell. At the peak, this wallet was sitting on an unrealized profit of roughly $27.6 million.
However, with ETH currently around $1,571, the whale finally pulled the trigger—selling the entire 10,000 ETH stash for about $15.71 million, netting a much smaller, but still notable, profit of $2.75 million.
Missed Peaks and Market Psychology
The sale is a classic example of how market timing—even for large holders—can be challenging. The whale’s decision to hold through Ethereum’s peak and eventually sell during a less favorable period highlights the emotional toll and complexity of managing large positions in volatile markets.
This capitulation could indicate growing uncertainty among long-term holders or simply a strategic exit ahead of potential volatility. Either way, it’s a significant moment that sheds light on the mindset of large investors as Ethereum struggles to reclaim previous highs.
What It Could Mean for Ethereum
Large whale movements often spark speculation in the crypto community. While one whale’s exit doesn’t necessarily spell doom, it can influence sentiment, especially when long-term holders begin to cash out.
Some traders may view this as a sign of weak hands exiting before a potential rebound, while others might interpret it as caution in a shaky macro environment. In any case, Ethereum’s path forward remains one to watch closely, particularly as on-chain behavior continues to evolve.
