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Whale Makes $184,000,000 Profit Swing Trading Ethereum: Here’s How
Whale Makes $184,000,000 Profit Swing Trading Ethereum: Here’s How
August 19, 2025
Longling Capital sold Ethereum on Monday for millions of dollars, bringing its gains from swing trading the altcoin king to over $180 million.
Buy low and sell high—this has been the strategy that Longling Capital has employed for two years now on Ethereum. Yesterday, they continued to take profit after buying Ethereum’s bottom in March.
Ethereum Swing Trade Masterclass
Lookonchain shared data from Arkham, which shows that Longling Capital sold another 5,000 ETH ($21.56 million) on August 18 at 15:39 (UTC). Notably, this was the second Ethereum sale in four days as the firm ramped up its profit-taking ploy.
An accompanying chart further identified the transactions, which have usually been sniper entries and exits. A recent example was how Longling Capital accumulated 54,005 ETH between December 2024 and March’s lows of around $1,840 and started selling following its rebound in May until yesterday.
Whale Buys Low and Sells High
Other Ethereum holders are also selling as its price appears to be heading south. Among others, whale wallet “0x7378” resurrected after 355 days of inactivity and started selling its 18,782 ETH ($80.32 million) holding.
At the time of writing, it has sold 8,575 ETH ($37 million) and still holds 10,209 ETH ($43.32 million). Notably, the whale acquired the whole stash for $47.4 million a year ago and has made a profit of $32.9 million.
Whale Address 0x7378 Sells Ethereum
A similar event happened last week, with a whale activating after 10 years to shift its Ethereum holdings. The address moved at again of $1.5 million, as it received Ether in 2015 at a value of $103.
Meanwhile, Ethereum has corrected another 2% today, trading at $4,228 at the time of writing. Ether has now retraced 11.8% from its high of $4,793 in the previous week.
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