Whale Sells 20,600 ETH, Nets $26M Profit After 9-Month Hold

• Whale sold 20,600 ETH for $96.55M over 2 days.
• Originally bought at $3,409, once down $40M.
• Sold at $4,687, locking in a $26M profit.

In a stunning display of patience and conviction, a crypto whale has walked away with over $26 million in profit after selling 20,600 Ethereum (ETH) at an average price of $4,687. The sale, worth a total of $96.55 million, was executed over the past two days.

This isn’t just another big wallet making a move. What makes this trade remarkable is the timing and emotional rollercoaster that came with it. The whale had acquired the ETH stash nine months ago at around $3,409 per coin—close to the top of a previous cycle. During the downturn, the position was at one point sitting on an unrealized loss of roughly $40 million.

From Deep Red to Green: How Patience Paid Off

Rather than panic-selling during the dip, the whale chose to hold through the volatility. This kind of long-term mindset is rare in crypto markets, where fear and greed often lead to impulsive decisions.

As ETH recovered and surged past $4,600, the whale finally seized the opportunity, converting the earlier paper losses into a massive win. The final move not only erased the $40 million loss but secured a clean $26 million profit.

What This Means for the Market

Large whale movements often hint at broader market trends. This sale could suggest confidence in ETH’s current price levels, with some traders taking profits at perceived local tops. However, it also demonstrates the rewards of patience in a volatile space.

Retail traders can learn a lot from this: timing the market is hard, but conviction and discipline can pay off—even after months of uncertainty.

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