Whale Trades $10M in Ethereum: Profits $100K and Rebuys 4,153 ETH Amid Market Rebound

According to on-chain analyst Ai Auntie (@ai_9684xtpa), a significant whale transaction was recorded recently, highlighting notable activity in the Ethereum (ETH) market. Approximately 18 hours ago, the investor initiated a $10 million ETH position, which was partially liquidated during the subsequent price rally. The sale involved 3,983 ETH at an average price of $2,535.88, yielding a realized profit of around $100,000, based on an acquisition cost of $2,510.67 per ETH. This move underscores strategic profit-taking amid market volatility.

Further analysis reveals that six hours later, the same entity re-entered the market, acquiring 4,153.84 ETH at an average price of $2,419.48, capitalizing on a market rebound. This position currently holds an unrealized gain of approximately $30,000, reflecting confidence in near-term price recovery. Such transactions by smart money investors are critical indicators for market participants monitoring Ethereum price trends and whale behavior.

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Source: https://en.coinotag.com/breakingnews/whale-trades-10m-in-ethereum-profits-100k-and-rebuys-4153-eth-amid-market-rebound/