Whale Swaps $13.6M in TRX for Ethereum in Latest Trade

Whale Swaps $13.6M in TRX for Ethereum in Latest Trade

An on-chain analyst reveals a whale realized $14.43M profit from a recent ETH sale, with total gains from two large trades nearing $29M.

ETH
TRX

Fact Check
The assessment is "likely_true" with high confidence based on strong, consistent evidence from multiple credible sources. The core of the statement, which involves a $13.6 million transaction resulting in Ethereum (ETH), is directly supported. A high-relevance and credible source (Coinpaper) explicitly states that the HTX exchange was exploited for approximately $13.6 million and that these funds were subsequently "converted into Ethereum (ETH)." The term "converted" is functionally equivalent to "exchanged" in this context, and the exploiter represents the "entity."This central event is corroborated by a high-authority source (Cointelegraph/Bullrun) which confirms an exploit of the same monetary value ($13.6 million) occurred in the same timeframe, lending significant weight to the claim. While this source lacks detail on the specific assets, it confirms the event's scale and nature.The only part of the statement not explicitly confirmed by the provided source summaries is that the original asset was Tron (TRX). However, no source contradicts this detail, and the strong confirmation of all other key elements (the entity, the value, and the conversion to ETH) makes the entire statement highly plausible. The remaining sources were either completely irrelevant (e.g., historical newspaper archives, unrelated financial news) or provided weak, tangential information that did not contradict the primary evidence. Therefore, the statement is a highly probable description of the event.
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Summary

An on-chain analyst reported that a whale sold 6,000 ETH acquired six months ago at $1,582 per token, netting a profit of $14.43 million. This follows a July 2024 sale of 8,240 ETH at $2,961 each, purchased in late 2022 at $1,195, yielding $14.49 million. The two trades combined bring the whale’s total Ethereum profit to $28.92 million.

Terms & Concepts
  • Whale: A term used to describe an individual or entity holding large quantities of cryptocurrency, capable of influencing market movements.
  • ETH (Ethereum): The native cryptocurrency of the Ethereum blockchain, used for transactions and powering decentralized applications.
  • TRX (Tron): The native cryptocurrency of the Tron blockchain, designed for decentralized content sharing and smart contracts.