Whale sells 33,585 ETH for $85M, gains $806K in hours
Over $30M in total ETH profits realized
Still holds 100K ETH worth $261M staked
Smart ETH Whale Begins Selling After Huge Gains
One of the smartest institutions in the Ethereum market has started taking profits after a massive accumulation just last month. In mid-June, this whale purchased $333.78 million worth of ETH. Now, they’ve begun selling, unloading 33,585 ETH for $85.38 million in USDC—averaging $2,542 per ETH.
This latest sale, which occurred in just the past 7 hours, resulted in an $806,000 realized profit. It’s a small part of the whale’s larger strategy that has already seen more than $30 million in realized profits from Ethereum trades.
Strategic Selling, Not a Total Exit
While the sale has caught attention, it’s far from a full exit. The whale still holds a significant position—100,000 ETH staked, valued at approximately $261.4 million. This indicates a long-term bullish stance on Ethereum, even as they lock in short-term gains.
The move reflects smart profit-taking behavior during a period of rising ETH prices. Selling some tokens at highs while maintaining a core staked position is a common institutional tactic to manage risk and secure profits.
The smart institution that bought $333.78M worth of $ETH in mid-June is now selling!
In the past 7 hours, this institution sold 33,585 $ETH for $85.38M $USDC ($2,542 avg), locking in $806K in profit.
They have realized over $30M in profits from ETH and still hold 100,000 $ETH… https://t.co/Z1nftD8h3t pic.twitter.com/HWU57n89rm
— Spot On Chain (@spotonchain) July 9, 2025
What This Means for the Market
Whale activity often influences market sentiment, and this sale is no different. Traders may view the sale as a cautionary signal in the short term, but the continued staking of 100,000 ETH shows confidence in Ethereum’s long-term value.
Such moves reinforce the idea that while price surges are good for gains, large holders are still in it for the long haul. Watchers of @spotonchain continue to track these addresses for signs of future market moves.
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