Ethereum Whale’s $27.6M Missed Opportunity: A Cautionary Tale of Timing

An Ethereum whale who held 10,000 ETH for nearly 900 days has sold their entire position, missing out on a potential peak profit of $27.6 million. The investor originally acquired the Ether in October and November 2022 across two transactions totaling $13 million, paying an average of $1,295 per token. Despite Ether soaring above $4,000 in late 2023, the whale did not exit at the peak. Instead, the sale was made on April 8 at approximately $1,578 per ETH.

ETH Whale Misses Out On $27.6M Peak Gain

An Ethereum whale who held 10,000 ETH for nearly 900 days has sold their entire position, missing out on a potential peak profit of $27.6 million. The investor originally acquired the Ether in October and November 2022 across two transactions totaling $13 million, paying an average of $1,295 per token. Despite Ether soaring above $4,000 in late 2023, the whale did not exit at the peak. Instead, the sale was made on April 8 at approximately $1,578 per ETH, netting a profit of just $2.75 million. At its highest point during the whale’s holding period, ETH reached $4,015 on 9 December 2024. The token is currently trading at around $1,426, down 24% over the past week amid broader market turmoil.

Ethereum Whale Selloff Intensifies, ETH Price Drops

Dormant Ethereum whales have started selling their ETH holdings, causing the price to drop by another 6% to $1,400 today. One whale entity holding 10,000 Ethereum for over 900 days sold off its entire holdings, realizing $2.75 million in profit. The whale purchased this massive quantity during the 2022 bear market at an average price of $1,295 per ETH.

Immutable to Merge Gaming Networks into One Unified Chain

Immutable, an Ethereum gaming platform, announced plans to consolidate its networks by merging the original Immutable X network into its newer Immutable zkEVM layer-2 blockchain. The merger, expected in late 2025, aims to unify the company’s gaming ecosystem after substantial growth in its zkEVM network, which has processed nearly 150 million transactions since launching in early 2024. By consolidating hundreds of millions of dollars in assets across hundreds of games onto one unified chain, Immutable seeks to create the true home of Web3 gaming for its millions of players.

Former Ethereum Developer Virgil Griffith Leaves Prison, Seeks Pardon

Virgil Griffith, a former Ethereum developer, has been released from prison after serving a portion of his 56-month sentence for attending a crypto conference in North Korea in 2019. Griffith’s lawyer, Alexander Urbelis, posted a photo of Griffith and his parents standing in front of the Michigan prison where he was incarcerated. Urbelis expressed his pleasure at Griffith’s release, describing it as a ’happy day indeed’.