Ethereum Whale Sells Entire 52,001 ETH Holdings, Locks In $24.5 Million Profit

What to Know

A major Ethereum whale has liquidated 52,001 ETH, securing approximately $24.5 million in profits from a substantial cryptocurrency investment. According to blockchain analytics platform Lookonchain, the investor completed the liquidation by selling 9,996 ETH worth approximately $25 million.

The transaction involved wallet address 0x8c58, which previously accumulated substantial Ethereum holdings through over-the-counter transactions. The investor originally purchased 52,001 ETH for approximately $112.4 million, establishing an average acquisition price of $2,162 per token. Across the completed transactions, the whale generated approximately $136.88 million in proceeds, representing an estimated $24.48 million profit.

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Ethereum Whale Completes $136.88 Million Liquidation Across Two Major Transactions

Blockchain records indicate that the investor began reducing Ethereum exposure on September 24, selling 42,005 ETH worth approximately $111.89 million. The transaction accounted for most of the original investment, leaving 9,996 ETH available for a subsequent sale.

The remaining holdings subsequently changed hands for approximately $25 million, completing the liquidation of the investor’s entire Ethereum position. Across both transactions, the whale achieved an average selling price of approximately $2,632 per ETH, exceeding the original acquisition cost.

This difference generated an estimated profit of $470 per token, bringing the investor’s total realized gains to approximately $24.48 million. The September liquidation occurred during broader cryptocurrency market weakness, when declining prices affected Ethereum and several other major digital assets. Despite those conditions, the investor maintained profitability because the average selling price remained considerably higher than the original purchase price.

Another Ethereum Whale Accumulates 21,810 ETH Through Bitcoin Sales

Separate blockchain transactions revealed substantial Ethereum accumulation by another investor, highlighting contrasting trading strategies among major cryptocurrency holders. On October 12, Lookonchain identified a whale converting significant Bitcoin holdings into Ethereum through transactions conducted on decentralized exchanges.

The investor initially sold 410.14 BTC worth approximately $34.16 million and purchased 14,341 ETH valued at $36.14 million. Another transaction involved selling 229 BTC worth $19.1 million and acquiring an additional 7,469.8 ETH.

Combined, these purchases totaled approximately 21,810.8 ETH, reflecting substantial Ethereum accumulation through the conversion of existing Bitcoin holdings. Meanwhile, Ethereum traded around $2,507.47, recording a 0.7% increase over 24 hours. The transactions highlight contrasting whale activity, with one investor realizing substantial profits while another increased Ethereum exposure through Bitcoin sales.

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