One giant Ethereum trader is holding almost 13 million dollars worth of unrealized gain all due to a timely long in $ETH .

This is a staggering gain that is indicative of shrewdness and high belief in the current market momentum of $ETH .

The placement of the whale has been accumulating gradually, and the rush in $ETH price has thrust their long into very lucrative water.

These high values of traders usually indicate increasing belief and this type of action is likely to be taken by the traders before the whole market is fully committed.

This type of unrealized PnL demonstrates that aggressive leverage and accurate timing in the market can make enormous upside in volatile markets.

It also indicates the domination of key market movements by whales particularly when the market moves are characterized by accelerating prices.

As Ethereum continues to see a surge, the question of whether this whale will make a profit or will retain to make an even greater move is now in everyone’s mind.