{"id":28077,"date":"2025-05-22T12:01:53","date_gmt":"2025-05-22T12:01:53","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=28077"},"modified":"2025-05-22T12:01:53","modified_gmt":"2025-05-22T12:01:53","slug":"whale-buys-back-eth-holdings-after-losing-2-67m-by-selling-early","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=28077","title":{"rendered":"Whale buys back ETH holdings after losing $2.67M by selling early"},"content":{"rendered":"
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\"Whale<\/p>\n

A crypto trader spent $3.8 million to buy Ether at a significantly higher price after selling the asset for almost the same amount about a month ago.\u00a0<\/p>\n

On May 22, blockchain analytics firm Lookonchain reported<\/a> that a crypto wallet spent $3.8 million to purchase 1,425 Ether (ETH<\/a>) at $2,670 per coin, reentering ETH after a major rally.\u00a0<\/p>\n

On April 13, the same wallet sold 2,522 ETH for $3.9 million, when the asset was trading at about $1,570, a decision that, in retrospect, looks poorly timed.\u00a0<\/p>\n

\u201cThink twice before selling your bags,\u201d Lookonchain wrote, highlighting the potential gains if the trader just held on to their Ether instead of selling and repurchasing it at a higher price point.\u00a0<\/p>\n

\"Whale
Whale buys ETH after selling over a month ago. Source: DeBank<\/em><\/figcaption><\/figure>\n

Trader loses out on $2.67 million gain<\/h2>\n

With ETH up over 70% since the sale, the trader lost out on over 1,000 ETH, or roughly $2.67 million, in the process of buying back in. If the trader had decided to hold on to their Ether, the assets would be worth about $6.7 million.\u00a0<\/p>\n

As ETH rallied, the asset surpassed the market capitalization<\/a> of big companies like Coca-Cola and Alibaba. <\/p>\n

At the time of writing, company data tracker 8marketcap shows<\/a> that Ether\u2019s $321 billion market capitalization makes it the 38th most-valuable asset in the world, surpassing the pharmaceutical company AbbVie and inching closer to the Bank of America.\u00a0<\/p>\n

Ether\u2019s upswing was largely fueled by the successful launch of its Pectra upgrade<\/a>. The update improved the network\u2019s scalability, validator user experience and smart-wallet functionality. These updates are expected to drive broader adoption of the Ethereum mainnet.\u00a0<\/p>\n

Related: <\/strong><\/em>Bitcoin open interest hits record high as bulls stampede toward new BTC price highs<\/strong><\/em><\/a><\/p>\n

ETH leads crypto investment products with $205 million weekly inflows<\/h2>\n

Along with its recent price appreciation, ETH-based investment products in the United States also saw renewed interest.\u00a0<\/p>\n

A May 19 report from digital asset manager CoinShares revealed that US crypto investment products saw $785 million in inflows last week. This development pushes the year-to-date (YTD) total for crypto ETPs to $7.5 billion.\u00a0<\/p>\n

ETH was the top performer among the crypto exchange-traded products (ETPs), attracting $205 million<\/a> in inflows last week. This represented 26% of all the inflows within the time period. This also brought ETH\u2019s YTD total to over $575 million.\u00a0<\/p>\n

The CoinShares report attributed the increased inflows to renewed investor optimism following the Pectra upgrade and also the Ethereum Foundation\u2019s appointment of Tomasz Sta\u0144czak as a co-executive director.\u00a0<\/p>\n