In a stunning development, a mysterious Ethereum whale has raked in $1.52 million in unrealized profits with a 30,000 ETH purchase. As reported by Lookonchain earlier today, the savvy trader spent $75.39 million to acquire these 30k ETH tokens through an over-the-counter (OTC) deal. While the purchase was made reportedly at an average price of $2,513 per token, it is now valued at a total of $76.91 million as the ETH price rose to $2,594.
According to data revealed by Lookonchain, an Ethereum whale has made a massive purchase of 30,000 ETH, spending $75.39. With a significant hike in the ETH price, the whale gained a staggering profit of $1.52 million. Though ETH surged to a three-day high of $2,594, it soon plunged to $2,554.
Significantly, this Ethereum whale has a proven track record of savvy trades, implementing strategic buy-low, sell-high methods. Just four days before, the whale sold 30,000 ETH for $78.63 million, securing a substantial 43.2% gain of $23.73 million in a mere 25 days. While large OTC transactions indicate strong bullish sentiment, this move has been deemed a positive indicator for the ETH price.
Notably, the Ethereum whale’s acquisition of 30k ETH on May 26, 2025, occurred during a period of heightened market volatility. This implies that the investor was positioning for an anticipated bullish surge.
At press time, ETH is valued at $2,567, marking a marginal 2.54% in a day. At the same time, the ETH price has gained a massive 42% in a month and 5% in a week. Despite these significant price movements and Ethereum whale moves, the traders’ sentiment remains neutral, marked by a negligible 2.7% hike in its trading volume, currently at $12.69 billion.
However, traders and analysts remain optimistic about the ETH price’s potential surge. According to market expert Crypto GEMs, the next target for Ethereum is possibly $3,500. At the same time, analysts like Crypto Fella predict that the cryptocurrency will reach a new all-time high of $5000 this year. As per CoinGape’s Ethereum price prediction, the ETH price will hit a staggering high of $11,340 if Bitcoin surges past $378,000.
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