A big‑time #Ethereum investor—dubbed the “1011 Insider Whale”—has trimmed its long exposure, offloading 4,513 ETH while still holding 50,001 ETH. That leaves an unrealized gain of about $3.4 million on the remaining stake. The move comes as Ether trades around $3,098.38, up roughly 4.1% amid a volatile market.
Market backdrop:
Recent geopolitical pressure knocked Ethereum down about 10%, but the price has started to recover.
Other whales have been buying, adding roughly 1.49 million ETH to their wallets and hinting at bullish sentiment.
Overall crypto assets under management have bounced back to $180 billion, an 8% rise from November’s low.
Key points:
Institutional players, including Ethereum Treasury Companies, have accumulated another 4.36 million $ETH .
The forthcoming Pectra upgrade and growing institutional interest could give Ethereum further upside.
