Well, well, well, it seems the world of cryptocurrencies is full of surprises! A mysterious crypto whale—someone who apparently knows their way around a few digital coins—has just made a pretty penny (actually, a LOT of pennies) by holding onto long positions in a handful of cryptocurrencies over the past month. Who knew sitting on your digital assets like a giant, rich, secretive squirrel could pay off so handsomely? 💰
One of the coins this clever whale has been holding is none other than Ripple’s XRP. He’s sitting pretty with a cool 1,500,000 of them. That’s about $3.3 million in case you were wondering. 🦈
XRP, BTC, ETH: A Whale’s $9 Million Journey to Unrealized Profit
According to the good folks over at Lookonchain (who clearly have a lot of time to monitor crypto whales), this anonymous trader didn’t just dabble in a couple of coins. Oh no, they held long positions in an impressive array of top-tier coins, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and more. In fact, they’ve got 70.8197 BTC worth around $6.8 million, 5,000 ETH, and 50,000 SOL to boot. Talk about diversifying your portfolio! 📈
But wait, there’s more! The whale also picked up 309 additional Bitcoins at an average price of $79,792. That’s a cool $24.7 million worth of BTC—sitting on unrealized profits of more than $5 million. It’s like a digital treasure hunt, and this whale found the jackpot. 🏴☠️
Lookonchain’s tweet tells us:
“A whale has been long $BTC, $ETH, $SOL, $LTC, $XRP, $LINK and other 16 tokens in the past month, with a total profit of more than $9M.
Additionally, this whale bought 309 $BTC ($24.68M) at an average price of $79,792, currently sitting on unrealized profits of more than $5M…”
— Lookonchain (@lookonchain) May 3, 2025
Bitcoin ETFs Rake in $311 Million in a Single Day
Meanwhile, on the other side of the crypto ocean, Bitcoin ETFs are making waves. On Friday, May 2, a whopping $311.43 million in net flows poured into 10 different Bitcoin ETFs. This is no small change—we’re talking about 3,215 BTC here. The largest chunk? Well, that came from BlackRock’s ETF, IBIT, which saw an inflow of $352.17 million, or 3,636 Bitcoins. At this point, BlackRock’s Bitcoin stash is nearly the size of some small countries’ national reserves, with 607,685 BTC worth around $58.86 billion. Talk about making money while you sleep! 🛏️💸
Lookonchain gives us an update:
“May 2 Update:
10 #Bitcoin ETFs
NetFlow: +3,215 $BTC(+$311.43M)🟢#iShares(Blackrock) inflows 3,636 $BTC($352.17M) and currently holds 607,685 $BTC($58.86B).9 #Ethereum ETFs
NetFlow: -358 $ETH(-$656K)🔴#Grayscale(ETHE) outflows 4,070 $ETH($7.47M) and currently holds 1,140,412…”— Lookonchain (@lookonchain) May 2, 2025
But it’s not all sunshine and rainbows for everyone in the ETF game. Bitwise and Fidelity are also in on the action, absorbing 397 BTC and 264 BTC, respectively. Between them, they now hold 198,640 BTC (Fidelity) and 38,688 BTC (Bitwise). In total, these 10 ETFs gobbled up 15,035 BTC over the last week—worth a staggering $1.46 billion. Who says crypto’s dead, huh? 📊
As for the ETFs that didn’t do so hot? Ark 21Shares lost 903 BTC, and Grayscale saw 347 BTC leave their coffers, with a total loss of 923 BTC over the past week. Even Franklin ETF managed to do absolutely nothing, with zero BTC inflows both on Friday and for the entire week. Poor Franklin. Better luck next time! 😬
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2025-05-03 23:13