#Whale.Alert
A high-profile Ethereum whale locked in a nearly $10 million profit after unloading a major chunk of their Ether
ETH $3,681
holdings. The profit-taking occurred as Ether ended its eight-day winning streak by falling over 3% on Tuesday.
ETH/USD daily price chart. Source: Trading
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Ethereum whale ‘0x8C08’ exits with 38% gains
On Tuesday, Ethereum address “0x8C08…” offloaded 8,005 ETH for about $30.03 million, at an average price of $3,751, according to data resource Lookonchain.
Transaction history of Ethereum’s wallet ‘0x8C08.’ Source: Lookonchain
The whale initially accumulated 9,582 ETH just two weeks prior at an average entry of $2,725, amounting to an investment of $26.11 million. The recent sale yielded a $9.87 million profit, marking a 38% return in under 14 days.
The wallet still retains 1,577 ETH (worth around $5.96 million), suggesting a strategic partial exit rather than a complete liquidation.
It also suggests that the whale expects Ethereum’s bullish momentum to continue, having already gained more than 50% month-to-date (MTD
