ETH Whale Cashes Out, Forfeits $27M Upside

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The Donald Trump-backed crypto project, World Liberty Financial, may have also sold some of its Ether stash — but at a loss.

An Ether whale who had held 10,000 Ether for the last 900 days has sold their entire stash and missed out on a peak profit of $27.6 million when the cryptocurrency was worth over $4,000. 

The whale initially bought a total of 10,000 Ether across two transactions in October and November 2022 for $13 million at the time for an average price of $1,295 per token, blockchain analytics service Lookonchain said in an April 8 X post.

“He didn’t sell when Ether broke through $4,000. But today, he exited with a $2.75 million profit. The profit at the peak was $27.6 million,” Lookonchain said.

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