Ethereum Whale Liquidates Holdings, Realizing Over $2 Million Profit

A substantial Ethereum investor has decided to sell their holdings after holding for over nine months, according to a report from PANews. The whale liquidated all 10,000 ETH, worth approximately $15.7 million today. They acquired these holdings on October 4 and November 14, 2022, at an average price of $1,295 per ETH, which initially yielded a total investment of $12.95 million. Despite Ethereum’s price exceeding $4,000, the investor chose to exit at the current market value, resulting in a profit of $2.75 million. However, selling at the peak could have generated a considerably higher profit, reaching up to $27.6 million.