Back
Ethereum Whale Realizes 623 ETH Gain After Selling and Rebuying Lower

Ethereum Whale Realizes 623 ETH Gain After Selling and Rebuying Lower

New on-chain activity shows a separate Ethereum whale sold 7,008.8 ETH below its February entry price, highlighting continued large-holder repositioning during recent market weakness.

ETH

Fact Check
The statement is fully supported by multiple independent reports from reputable crypto news outlets (PANews, BlockBeats) and on-chain monitoring data. The specific figures (623 ETH gain, 7,008.8 ETH sold, February entry) match the verified reports exactly.
    Reference: 123
Summary

Fresh on-chain data describes a different Ethereum whale transaction from the one previously reported. In the new activity, a whale sold 7,008.8 ETH at an average price of $2,041.28, realizing a loss of about $239,000. The address had bought the ETH on Feb. 6 at $2,075, spending about $14.54 million, and later sold the position in two batches, including one sale six hours before the report. This contrasts with the earlier case in which another whale sold ETH at a higher level and later rebought more ETH at a lower price, generating a 623 ETH gain.

Terms & Concepts
  • Ethereum whale: A wallet or investor holding a large amount of ETH, often enough for its transactions to draw market attention.
  • ETH: The native cryptocurrency of the Ethereum network, used for transactions, fees, and value transfer on the blockchain.