Ethereum Whale Rakes In $23 Million Profit As Prices Surge 49%

by Crypto Hobby

Updated May 31, 2025

Investor celebrates Ethereum profit surge with coins around. — Ethereum Whale Rakes In $23 Million Profit As Prices Surge 49% - thumbnail

A significant event in the cryptocurrency market unfolded recently as a mysterious Ethereum whale capitalized on a 49% price rally, netting a staggering profit of $23 million. This surge in Ethereum's value follows the successful implementation of the Pectra upgrade, which has reinvigorated investor interest in the asset.

Key Takeaways

A whale purchased 30,000 ETH for $54.9 million at $1,830 each.
The whale sold the ETH for $78.63 million when the price reached $2,621.
The whale also holds 600 BTC, currently valued at $66.5 million, with a profit of $9.6 million.
Ethereum's price has increased by 49.1% over the past month, despite being down 30% since late May 2024.

Whale Activity and Profit Margins

According to analysts from LookOnChain, the whale's strategic purchase of 30,000 Ethereum (ETH) occurred on April 27, when the cryptocurrency was trading at approximately $1,830. The whale's timely decision to sell the ETH at $2,621 resulted in a profit of $23.73 million, showcasing the potential for substantial gains in the volatile crypto market.

In addition to Ethereum, the whale also acquired 600 Bitcoin (BTC) for $56.94 million. Currently, the BTC holdings are valued at $66.5 million, yielding a profit of $9.6 million. Unlike the ETH, the Bitcoin remains unsold, indicating a potential long-term investment strategy.

Ethereum's Price Surge

The recent rally in Ethereum's price can be attributed to several factors, including the successful Pectra upgrade, which has enhanced the network's capabilities and attracted more investors. The asset has shown impressive performance across various time frames:

Daily Change: +0.2%
Weekly Change: +2.5%
14-Day Change: +12.4%
Monthly Change: +49.1%

Despite this impressive rally, Ethereum's price is still down 30% from its peak in late May 2024, indicating the ongoing volatility in the market.

The Influence of Bitcoin

Ethereum's price movement has also been influenced by Bitcoin's recent performance. Bitcoin reached an all-time high of $111,814 on May 22, driven by increased institutional investments, including significant purchases by firms like BlackRock, which has acquired over $3 billion in BTC since early May.

Future Outlook for Ethereum

As Ethereum continues to rally, analysts are contemplating whether it is a good time to invest. The recent surge has slowed, with the daily rally dropping to just 0.2%. However, if Bitcoin maintains its upward trajectory, it could trigger further gains for Ethereum.

Analysts from CoinCodex predict that Ethereum may not breach the $3,000 mark in the immediate future, estimating a price of around $2,797.61 by June 15. If this target is reached, it could represent a 5% increase from current levels, suggesting that the market remains optimistic about Ethereum's potential.

In conclusion, the recent activities of the Ethereum whale highlight the lucrative opportunities present in the cryptocurrency market, particularly during periods of significant price movements. As the market evolves, investors will be keenly watching both Ethereum and Bitcoin for further developments that could shape their investment strategies.