{"id":24217,"date":"2025-05-22T19:13:53","date_gmt":"2025-05-22T16:13:53","guid":{"rendered":"https:\/\/forklog.com\/en\/whale-misses-the-mark-ethereum-sale-costs-trader-2-67-million\/"},"modified":"2025-05-22T19:13:53","modified_gmt":"2025-05-22T16:13:53","slug":"whale-misses-the-mark-ethereum-sale-costs-trader-2-67-million","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/whale-misses-the-mark-ethereum-sale-costs-trader-2-67-million\/","title":{"rendered":"Whale Misses the Mark: Ethereum Sale Costs Trader $2.67 Million"},"content":{"rendered":"<p>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 $3.8 million.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Think twice before selling your bags.<\/p>\n<p>A month ago, trader 0x83c6 sold 2,522 <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a> for $3.96M at $1,570.<\/p>\n<p>Just 30 minutes ago, he spent $3.8M to buy back 1,425 <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a> at $2,670.<\/p>\n<p>Over 1,000 <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a>($2.67M) vanished.<a href=\"https:\/\/t.co\/OM9HTiV361\">https:\/\/t.co\/OM9HTiV361<\/a> <a href=\"https:\/\/t.co\/h69RrJXWbN\">pic.twitter.com\/h69RrJXWbN<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1925481589565534241?ref_src=twsrc%5Etfw\">May 22, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite>&#8220;Think twice before selling your bags,&#8221; analysts at Lookonchain emphasized.<\/cite><\/p><\/blockquote>\n<p>According to their calculations, the aforementioned trader&#8217;s losses exceeded 1,000 ETH ($2.67 million).<\/p>\n<p>Experts cited an example of more successful Ethereum transactions: another &#8220;mysterious whale&#8221; purchased 30,000 ETH ($54.9 million) at $1,830 and 600 BTC ($56.94 million) at $94,900 on the over-the-counter market on April 27.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">A mysterious whale bought 30,000 <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a>($54.9M) at $1,830 and 600 <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a>($56.94M) at $94,900 via OTC on Apr 27.<\/p>\n<p>3 hours ago, he sold 30,000 <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a>($78.63M) at $2,621 via OTC, earning $23.73M.<\/p>\n<p>His 600 <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> remains unsold and is now worth $66.5M, up $9.6M.<a href=\"https:\/\/t.co\/msU8dM7xfM\">https:\/\/t.co\/msU8dM7xfM<\/a> <a href=\"https:\/\/t.co\/74vhBcBkXO\">pic.twitter.com\/74vhBcBkXO<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1925567726875287929?ref_src=twsrc%5Etfw\">May 22, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>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.\u00a0<\/p>\n<p>His 600 BTC remain untouched, now valued at $66.5 million, with an unrealized gain of $9.6 million.\u00a0<\/p>\n<p>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 <a href=\"https:\/\/coinmarketcap.com\/\">CoinMarketCap<\/a>.\u00a0<\/p>\n<p>Previously, an unknown Ethereum whale <a href=\"https:\/\/forklog.com\/en\/news\/ethereum-whale-misses-27-6-million-profit-after-900-days-of-holding\">missed out on $27.6 million in profit<\/a> after holding for 900 days.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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.<\/p>\n","protected":false},"author":1,"featured_media":24216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[46,1156],"class_list":["post-24217","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-ethereum","tag-institutional-investors-and-whales"],"aioseo_notices":[],"amp_enabled":true,"views":"7","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/24217","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=24217"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/24217\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/24216"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=24217"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=24217"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=24217"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}