Crypto Whale Makes $41,000,000 ETH Sale Right Before Massive Market Crash – How Does This Whale Get It Right Every Time?

There are many players in the crypto realm, but few stand out as much as a certain “smart whale”. This particular entity has showcased an uncanny ability to navigate the turbulent waters of the crypto world, making strategic moves that leave many in awe, according to the on-chain data shared by Lookonchain.

The smart whale’s recent activities have caught the attention of many in the crypto community. Notably, this savvy trader offloaded a staggering 22,341 ETH, equivalent to $41 million, just before a significant market downturn. While this move resulted in a loss of approximately $1.7 million, it paled in comparison to the potential losses had the whale not acted swiftly. By sidestepping the market crash, the whale demonstrated a keen sense of timing and market intuition.

Trade on US-Banned Exchanges With No KYC 🤫

Tired of missing hot new listings because your favorite exchange is banned in the US? 🇺🇸

With RocketXchange you can finally trade on Kucoin, ByBit and more without registration or KYC! 🙌

Simply connect your wallet to access every coin. No VPN needed.

Seamlessly bridge between EVM, Solana, Cosmos and 100+ chains. Discover the next crypto gem with low fees.

Take your trading to the next level with:

  • Instant access to banned CEXs 🚫
  • No KYC required 🙅‍♂️
  • Trade on your terms – no registration required
  • Maintain full custody – tokens stay in your wallet
  • Access liquidity across leading DEXs and CEXs
  • Bridge assets quickly between any blockchain

Escape CEX limits today with RocketXchange!

Show more +

Interestingly, this isn’t the first time the smart whale has made headlines. After the SEC voiced concerns about the adequacy of spot Bitcoin ETF filings, Ethereum experienced a sharp decline. However, just two hours later, it rebounded. Right before this swift price movement, the whale astutely purchased 8,188 ETH, valued at $15.23 million. This acquisition was facilitated by a deposit of 32 million USDT to Binance, with the buying price of Ethereum hovering around $1,860.

Earlier, on a separate occasion, the whale had deposited 25,000 ETH ($47.24 million) to Binance, only to withdraw 15.9 million USDT shortly after. Such moves highlight the whale’s strategy of buying Ethereum at low prices and selling at higher rates, maximizing profits.

The broader cryptocurrency market, however, has been less predictable. Recently, the market witnessed a sharp decline, with the total market capitalization dropping by over 9% to $1.04 trillion. Both Bitcoin and Ethereum, the two giants of the crypto world, suffered significant losses. Bitcoin’s price dipped to around $26,000, breaking past the crucial $28,000 support. Concurrently, Ethereum’s value plummeted to roughly $1,600, bypassing the $1,700 support mark. Such drastic declines in these major cryptocurrencies invariably impact the wider altcoin market.

Despite the volatile nature of the cryptocurrency market, the smart whale has managed to maintain an impressive 100% win rate in Ethereum trading over the past couple of months. While some traders struggle to stay afloat, this particular entity continues to swim gracefully, making waves and capturing the attention of many. As the crypto community watches closely, many wonder what the next move of this smart whale will be.

We recommend eToro

74% of retail CFD accounts lose money.
Active user community and social features like news feeds, chats for specific coins available for trading.
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy thetrades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.

CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of


Philipp Traugott
Philipp Traugott

Phil Traugott is a staff writer at CaptainAltcoin. As a trained marketing specialist for copywriting and creative campaigns, he has been advising top companies on the following topics: online marketing, SEO and software branding for more than 10 years. The topic of crypto currencies is becoming increasingly important for companies and investors and he found it very alluring and fitting for his skillset which prompted him to pivot his career towards blockchain and cryptocurrencies.

We will be happy to hear your thoughts

Leave a reply