Ethereum Whale Withdraws 77,385 ETH, Netting $23.47 Million in Unrealized Profit

Ethereum Whale Withdraws 77,385 ETH, Netting $23.47 Million in Unrealized Profit

A whale address withdrew over 77,000 ETH at $2,835 each, now holding an unrealized profit of $23.47 million as Ethereum's price rises to $3,141.

ETH

Fact Check
The assessment that the statement is 'likely_true' is based on strong, direct evidence from a highly relevant and authoritative source, corroborated by other credible sources. The most compelling piece of evidence comes from the MEXC crypto exchange, which explicitly states that an early Ethereum investor sold 20,000 ETH and also bought 1,110 ETH. This single source directly confirms both components of the statement: the sale and the subsequent repurchase. This core claim is further supported by other sources. A news aggregator on the Binance platform confirms that an early Ethereum investor sold a significant quantity of ETH, validating the first part of the statement. Another source, a post from a crypto-focused X account, claims an early investor is 'accumulating' (buying) ETH, which supports the 'repurchase' part of the statement. While some sources are irrelevant or too general to be useful (e.g., articles on UK tax law or developer tutorials), none of the provided sources contradict the statement. The convergence of a direct, specific report with several other partial confirmations, and a complete lack of conflicting information, leads to a high confidence level in the statement's truthfulness.
Summary

On December 1, an Ethereum whale withdrew 77,385.34 ETH at an average price of $2,835, totaling $219.7 million. With Ethereum’s current price at $3,141, the whale’s position has gained an unrealized profit of $23.47 million. The strategic move highlights the whale's active trading strategy amidst price fluctuations in the Ethereum market.

Terms & Concepts
  • ETH (Ethereum): The native cryptocurrency of the Ethereum blockchain, used for transactions and smart contract execution.