An on-chain analytics firm Arkham disclosed on X that an Ethereum whale with substantial realized PnL added to its ETH position by purchasing $60 million worth of ETH. The move lifts the whale’s ETH holdings to about $235 million and its USDC to about $235 million, for a total of roughly $470 million. Arkham noted that the whale has traded ETH exclusively for the past two years, generating over $200 million in cumulative profits.
The whale previously boosted profits by taking large long positions during notable ETH rallies in February 2024 and July 2025. Market watchers will scrutinize whether the same strategy repeats and how it might affect ETH’s price trajectory. Some analysts point to the equal ETH and USDC balance as a sign of strategic position management to mitigate volatility.
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