On-Chain Whale Exits 2857 ETH Position, Locks in $5.2M Profit Amid Market Rally

robot
Abstract generation in progress

A sophisticated trader demonstrated impressive market timing, capitalizing on Ethereum’s recent surge to exit a substantial position with significant gains. According to on-chain data, the trader had strategically accumulated 2881 ETH back in July, exchanging 69.07 WBTC at an entry price of $2,601.14 — effectively timing the market near the start of ETH’s major uptrend.

On August 14, the address executed a full exit of the remaining 2857 ETH tokens, liquidating the entire stack for approximately $12.64 million on-chain. This move brought the trader’s total profit to $5.2 million, representing a substantial gain from the entry point.

The transaction underscores how smart money often operates with multi-month holding periods, patiently accumulating at strategic price levels and then executing measured exits to capture extended market moves. With Ethereum currently trading around $2.92K according to latest market data, the trader’s decision to exit at higher levels reflects seasoned risk management — locking in gains rather than holding through potential volatility.

This type of activity highlights the importance of on-chain monitoring for understanding how sophisticated participants are positioning themselves during market cycles.

ETH-0,98%
WBTC-1,36%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)