#ETHRally Ethereum Whale Bags $7.5M Profit After 9 Months of Holding
An #Ethereum whale identified by wallet address 0xe429 has just wrapped up a major trade, walking away with a $7.5 million profit after holding for nine months.
The investor initially picked up 6,918 $ETH through a series of buys from Binance hot wallets, spending around $25 million at an average price of $3,614 per ETH. Despite enduring heavy unrealized losses — reportedly up to $15 million during market dips — the whale stayed the course.
Now, with Ethereum surging to a yearly peak of $4,703, the whale made a decisive move. In the past two hours, they sent the full stash back to Binance in multiple transfers — including a 2,500 ETH transaction valued at $11.78 million, and another 1,917 ETH worth $9.03 million.
The sale aligned with Ethereum’s powerful rally this week. The asset is now up 73% year-to-date, flirting with the $5,000 psychological level. Trading activity has exploded, with $62.98 billion in volume over the past 24 hours — a clear sign of market heat.
This move highlights how strategic accumulation during quiet periods can pay off — but also shows the steep risks involved. As ETH hits multi-year highs, the big question now: can new buyers keep up the pace, or will the market cool off as profits are locked in?
