Well, isn’t this a twist straight out of a thriller novel! In a move that can only be described as “surprising,” a blockchain detective group called Lookonchain has reported that an Ethereum investor—who apparently hit the snooze button on their investment for a few years—finally decided to wake up and sell nearly $30 million worth of ETH. Guess the mattress was just too comfy?
Lookonchain’s investigation shows this Ethereum slumberer (probably dreaming of price pumps) decided to sell thousands of ETH after a long nap. After years of dormancy, it’s safe to say they’re up and at ’em… and cashing out, likely to fund some lavish lifestyle involving private jets and maybe a yacht or two.
Apparently, the coins didn’t just get dumped on some dusty shelf; they went straight to Kraken, the crypto exchange. Yes, you read that right: Kraken, where coins go to meet their new owners, just as soon as they’ve been nicely polished off the blockchain.
“The Ethereum ICO participant sold another 1,500 ETH ($1.76 million) on May 3rd. Since ending a long dormancy on April 17th, this individual has sold a staggering 16,500 ETH ($29.35 million) at an average price of $1,779. They’re still holding onto 13,500 ETH ($24.82 million),” says Lookonchain, in a tone that could easily be mistaken for disbelief.
ETH, at the time of writing, is trading for $1,830. But let’s be honest, it’s only dropped by 4.8%—just enough to make you wonder if this investor is having some second thoughts, or maybe even a panic attack from all the volatility. 🧐
Meanwhile, Lookonchain’s analytics didn’t stop at Ethereum. They spotted another group of deep-pocketed investors—those well-known Trump (TRUMP) memecoin aficionados—who are unloading their holdings. At a loss. Because, apparently, even memes have their limits, folks.
“Two whales dumped 765,128 TRUMP ($8.58 million) at a loss of $2.34 million! One investor, 3kjP9L, made $196,000 on TRUMP before, but sold 337,560 TRUMP ($3.81 million) on May 4th and lost $1.38 million. Ouch!”
“And then there’s 7X6Vun, who made $732,000 on TRUMP before, sold 427,568 TRUMP ($4.77 million) on May 4th and lost $961,000. They didn’t just lose their previous gains—they managed to lose an additional $1.42 million in principal. What a bargain!”
As of now, TRUMP is sitting at a cool $11.00, which is a 4.55% drop in the last 24 hours. Because why not, right?
However, not all whales are weeping into their crypto portfolios. One whale went long on Bitcoin (BTC) and a whole bunch of altcoins (ETH included) and is currently enjoying a neat profit. Because someone had to win, right?
“This whale has been stacking BTC, ETH, SOL, LTC, XRP, LINK, and a dozen other tokens over the past month, making more than $9 million in total profit. They bought 309 BTC ($24.68 million) at an average price of $79,792, and now they’re sitting on unrealized profits of over $5 million. Must be nice!”
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2025-05-05 17:42