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Whale Holds 80,157.67 Ether With $30.79 Million Gain After Trimming Wrapped Bitcoin

A major cryptocurrency whale wallet maintains an Ether position of 80,157.67 ETH, carrying approximately $30.79 million in unrealized profit. The address originally began building the position on March 11 and has refrained from reducing its holdings through late October. However, the wallet recently took profit on alternative holdings, selling a combined 75.03 Wrapped Bitcoin (WBTC) and Kraken Wrapped Bitcoin (kBTC) tokens on October 20 for roughly $6.2 million. That sale was completed at an average price of $78,068.55 per token, securing about $346,000 in realized profit while the primary Ether stake remains untouched.

Category

Ethereum

Sentiment

Bullish

Event

Analyst flows

Reading time

1 min