Ethereum Whales Realize Over $1 Billion in Profits Amid Market Peaks
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 01 2026- Significant Whale Profits: In March 2024, investors holding Ethereum for over five years realized approximately $600 million in profits in a single day, indicating a strong profit-taking motivation among long-term holders during price peaks, which further drives market volatility.
- Market Dynamics Analysis: According to analyst Murphy, the average cost of ETH held for 5-7 years in the current cycle is around $378, suggesting that when ETH prices exceed $4,000, whales actively engage in profit-taking, impacting market supply and demand.
- Ongoing Sell-off Trend: In September 2025, wallets holding ETH for over seven years sold more than $500 million in a single day, with this figure rising in October for wallets held over ten years, showcasing the selling behavior of long-term holders at market highs.
- Changes in Holdings: Despite a gradual decrease in the supply of ETH held for over five years due to aggressive purchases by ETH treasury companies starting in May 2024, veteran whales still hold approximately 20.1 million ETH, reflecting the complex dynamics of the market and the holding strategies of whales.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
