Address 0xa339 is using a loop loan strategy to go long, and today it sold 5,000 ETH in one go, directly converting to $14.6 million. The numbers look impressive, but the more intense part is still to come.
Over the past 11 days, this whale has sold a total of 35,605 ETH, with a total cash-out value of $103.7 million. The most remarkable thing is its cost structure — an average of only $2,914 per ETH to build the position, resulting in a profit margin of $13.14 million from this round of operations.
There are still 15,000 ETH in the wallet, valued at $43.88 million. These haven't been touched, meaning they still hold "live ammunition." The market is well aware that the next moves of such large accounts could once again influence short-term trends.
If you've been paying attention to these whales' movements, you'll notice a pattern — large-scale selling often signals a market turning point. Addresses with a cost basis of $2,914 and a current price significantly higher are reducing their positions, indicating a shift in confidence at certain price levels. With so many chips still in hand, monitoring these accounts' actions can help understand Ethereum's short-term resistance levels.
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zkNoob
· 1h ago
Damn, this whale's move blew me away. With a cost of 2914, they made a profit of 1314 million. That's the difference.
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StablecoinSkeptic
· 12-27 03:40
They're starting to sell again. This whale is really ruthless, cashing out over 100 million in 11 days, and still keeping 15,000 coins as "live ammunition."
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AmateurDAOWatcher
· 12-27 03:39
Selling so aggressively, and still holding so many chips in hand. Are you paving the way for the people behind?
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TokenCreatorOP
· 12-27 03:39
Damn, this whale made a killing, directly moving 103.7 million. When will I have the opportunity to operate like this?
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MiningDisasterSurvivor
· 12-27 03:39
I've been through this before. The ultimate outcome of repeatedly taking out loans like this is always the same—being unable to handle the contract risk.
The idea of building a position with a 2914 spread sounds exciting, but if you’re holding 15,000 ETH and still hesitant to act, it shows you’re not confident either. Large whales frequently dumping their holdings are often a signal—not that they’re optimistic, but that they’re fleeing.
What’s most frightening isn’t even the whales selling off, but the subsequent collapse of the capital pool that follows. I experienced this firsthand back in 2018.
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MEVHunterNoLoss
· 12-27 03:23
Selling so aggressively, you've already earned over 13 million, and you're still holding 15,000 coins without moving. What are you waiting for?
#隐私保护话题升温 $ETH Ethereum whales are frequently making moves.
Address 0xa339 is using a loop loan strategy to go long, and today it sold 5,000 ETH in one go, directly converting to $14.6 million. The numbers look impressive, but the more intense part is still to come.
Over the past 11 days, this whale has sold a total of 35,605 ETH, with a total cash-out value of $103.7 million. The most remarkable thing is its cost structure — an average of only $2,914 per ETH to build the position, resulting in a profit margin of $13.14 million from this round of operations.
There are still 15,000 ETH in the wallet, valued at $43.88 million. These haven't been touched, meaning they still hold "live ammunition." The market is well aware that the next moves of such large accounts could once again influence short-term trends.
If you've been paying attention to these whales' movements, you'll notice a pattern — large-scale selling often signals a market turning point. Addresses with a cost basis of $2,914 and a current price significantly higher are reducing their positions, indicating a shift in confidence at certain price levels. With so many chips still in hand, monitoring these accounts' actions can help understand Ethereum's short-term resistance levels.