Ethereum whales take strategic profits after earning millions

AirdropHuntress · 2026-02-02T09:04:40+00:00

An Ethereum whale recently profited approximately $1.039 million by selling 10,000 stETH, holding over 60,000 ETH with a total profit of nearly $100 million. The whale demonstrates a mature phased profit-taking strategy, locking in some profits while maintaining a long-term bullish outlook on Ethereum.

AirdropHuntress

2026-02-02 09:04:40

Abstract generation in progress

According to on-chain data tracking, a recent Ethereum whale successfully made a profit of $1.039 million by selling 10,000 stETH. This whale started accumulating ETH positions on January 12 and has now grown into a large trader holding over 60,000 ETH. This operation has brought the whale’s total trading profit to $99.22 million, demonstrating its excellent market intuition.

The Whale’s Arbitrage Path: From Accumulation to Realization

Based on NS3’s on-chain data analysis, this whale had previously locked in a profit of $98.18 million. The recent realization of 10,000 stETH is just part of its larger trading strategy. From the accumulation phase to partial liquidation now, this large trader has shown a mature phased profit-taking approach—neither greedily holding the full position nor blindly bottom-fishing.

Balancing Unrealized Gains and Risks with Over 60,000 ETH Holdings

It is worth noting that even after realizing significant profits, this whale still maintains a massive position of 60,000 ETH, corresponding to an unrealized gain of $7.243 million. This position structure indicates that the whale remains optimistic about Ethereum’s long-term prospects—locking in profits through partial take-profit and retaining most of the position to participate in subsequent upward movements. This “eating the fish” strategy is quite common among large holders, avoiding the risk of full liquidation while ensuring continued appreciation opportunities.

ETH1,49%

STETH1,67%

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