Whale Trader Wins Big Profits From Ethereum Price Drop

Trader whale made a big profit from the decline in Ethereum prices (Photo; Doc. Beincrypto)

JAKARTA - Two seasoned Ethereum traders have managed to show that with the right strategy, huge profits can be achieved even amid a price drop. One of the traders known as whales, with wallet address 0xe0b5, managed to score a profit of 1.56 million US Dollars (approximately Rp23.6 billion) from a series of swing trading since mid-August. This success has attracted not only the attention of the crypto community, but also emphasized the importance of a careful and timely trading strategy.

These traders consistently bought Ethereum as prices fell and sold them as prices rose, resulting in impressive trade records with a 100% success rate in the last eight trades. Most recently, the whale bought 10.206 ETH with a value of around 26.24 million US Dollars (approximately IDR 397 billion), just hours before the latest market update.

According to data from Lookonchain, this whale has taken advantage of Ethereum price fluctuations to conduct regular swing trading. On September 21, it sold 10.686 ETH for 26.23 million US Dollars (approximately IDR 396 billion) at a price of 2.455 US Dollars (approximately IDR 37 million) per ETH, generating a profit of 530.492 US Dollars (approximately IDR 8 billion). Even in trading with a smaller value, as when generating 40.712 US Dollars (approximately IDR 616 million) from a transaction, this whale still shows consistency in every trade.

Another example of profitable trade occurred on September 18, when he bought 5.690 ETH worth 13.1 million US Dollars (approximately IDR 198 billion) and sold them the next day with a profit of 140.754 US Dollars (approximately IDR 2.1 billion). This systematic approach confirms its ability to optimally capitalize on the moment of market price fluctuations.

The trade record of this whale trader also shows the extraordinary ability to quickly adjust positions. For example, on September 6, he managed to carry out several consecutive trades, including buying 5,263 ETH and 5,153 ETH, which generated a profit of 248,429 US Dollars (around Rp3.7 billion) and 130,453 US Dollars (around Rp1.9 billion), respectively.

This success reflects the great potential of a careful trading strategy in the highly volatile crypto market. By monitoring price movements in detail and trading at the right moment, this Ethereum whale was able to reap huge profits in a short time.