Whale Misses the Mark: Ethereum Sale Costs Trader $2.67 Million

In April, an anonymous crypto trader sold 2,522 ETH for $3.96 million at a price of $1,570. On May 22, he repurchased 1,425 ETH at $2,670 per coin, spending $3.8 million.

Think twice before selling your bags.

A month ago, trader 0x83c6 sold 2,522 $ETH for $3.96M at $1,570.

Just 30 minutes ago, he spent $3.8M to buy back 1,425 $ETH at $2,670.

Over 1,000 $ETH($2.67M) vanished.https://t.co/OM9HTiV361 pic.twitter.com/h69RrJXWbN

— Lookonchain (@lookonchain) May 22, 2025

“Think twice before selling your bags,” analysts at Lookonchain emphasized.

According to their calculations, the aforementioned trader’s losses exceeded 1,000 ETH ($2.67 million).

Experts cited an example of more successful Ethereum transactions: another “mysterious whale” purchased 30,000 ETH ($54.9 million) at $1,830 and 600 BTC ($56.94 million) at $94,900 on the over-the-counter market on April 27.

A mysterious whale bought 30,000 $ETH($54.9M) at $1,830 and 600 $BTC($56.94M) at $94,900 via OTC on Apr 27.

3 hours ago, he sold 30,000 $ETH($78.63M) at $2,621 via OTC, earning $23.73M.

His 600 $BTC remains unsold and is now worth $66.5M, up $9.6M.https://t.co/msU8dM7xfM pic.twitter.com/74vhBcBkXO

— Lookonchain (@lookonchain) May 22, 2025

A few hours ago, he sold 30,000 ETH for $78.63 million (at a price of $2,621). The profit amounted to $23.73 million. 

His 600 BTC remain untouched, now valued at $66.5 million, with an unrealized gain of $9.6 million. 

At the time of writing, the second-largest cryptocurrency by market capitalization is trading around $2,660. Over the past 30 days, the asset has appreciated by 56%, according to CoinMarketCap. 

Previously, an unknown Ethereum whale missed out on $27.6 million in profit after holding for 900 days.