Key Takeaways:
- Ethereum whale sold 30,000 ETH for $78.63M on June 10, securing a $6.72M profit after a short 15-day holding period.
- Just 24 hours later, the same wallet re-entered the market, buying 16,500 ETH for $46.5M at a higher average price, signaling a bullish repositioning.
An influential Ethereum investor has sparked renewed market interest after swiftly re-entering the market just 24 hours following a multimillion-dollar sale. According to on-chain data shared by Spot On Chain, the anonymous wallet—well-known for its large-scale transactions—executed a significant over-the-counter (OTC) sale on June 10 before repurchasing a large ETH position on June 11 at a higher price point.
On June 10, the wallet sold 30,000 ETH via OTC to market-making firm Wintermute, netting $78.63 million at an average price of $2,621 per token. The transaction came after a 15-day holding period, generating a realized gain of $6.72 million and an 8.91% return. This trade brought the wallet’s cumulative Ethereum profit since April 27 to an impressive $30.45 million, reflecting a total return of 23.4%.
The smart institution that made $30.45M from $ETH is still bullish—buying back just a day after selling!
— Spot On Chain (@spotonchain) June 12, 2025
On June 10, the whale sold 30,000 $ETH for $78.63M via an OTC deal with #Wintermute at an avg. price of $2,621, locking in a $6.72M profit (+8.91%) after 15 days of holding.… https://t.co/pWRsPHtSUM pic.twitter.com/bbe9Z1Mvqp
However, rather than remaining sidelined, the investor returned to the market the very next day. On June 11, the wallet acquired 16,500 ETH—over half the amount sold the day before—for $46.5 million, again via Wintermute. This buyback came at an average price of $2,818 per ETH, a notably higher entry point than the previous exit.
The swift turnaround indicates a tactical adjustment rather than a full-scale exit, suggesting the investor remains bullish on Ethereum’s near-term prospects. Market analysts emphasize the strategic use of OTC channels, which allow for large transactions without affecting market prices or revealing intentions on public exchanges. This execution method also offers greater privacy and minimal slippage, key considerations for institutional-grade investors.
Since late April, this wallet has shown a consistent pattern of short-term accumulation and profit-taking, closely aligned with Ethereum price movements. The continued use of Wintermute as a counterparty points to a strong institutional trading relationship.
With 16,500 ETH now held at a higher average cost basis, all eyes remain on the wallet’s next move. On-chain trackers will be monitoring any additional accumulation or liquidation as Ethereum continues to navigate volatile market conditions.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
Also Read: Bitcoin Faces Q3 Slump With Just 6.03% Avg. Return — Ethereum Eyes Breakout, Analyst
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
