Matrixport-Related Whale Turns $10M Loss into $1M Profit on 105,000 ETH Position

Multiple credible and relevant sources consistently report that a whale investor linked to Matrixport held a large long position of approximately 105,000 ETH, initially showing an unrealized loss of about $10 million. Subsequent market movements turned this position into an unrealized profit in the range of $1 million. The event is backed by primary on-chain data shared by Lookonchain, a respected blockchain analytics account, and is directly echoed by reputable crypto news outlets including Phemex, Binance Square, and Blockchain.News, all of which refer to the same core details: Matrixport linkage, ETH quantity, loss and profit values, and positional change. There are no credible sources contradicting this narrative, and the amount of ETH, loss magnitude, and profit transition are consistent across reports. Given that the originating data is from on-chain observations rather than speculative rumor, and has high alignment among independent secondary reports, the evidence is strong and coherent. Minor uncertainties stem from the challenge of definitively proving the whale's association with Matrixport beyond behavioral and address-link analysis, but overall the claim has high likelihood of being accurate.