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How an Ethereum Whale Scored a $16 Million Profit

The Whale’s Big Trade

An Ethereum whale made a savvy move last year, buying 12,906 ETH for $24.39 million. Fast forward to today, with Ethereum trading at $3,100, that investment is now worth over $40 million, netting the whale a cool $16 million profit.

Staking Rewards Boost

But wait, there’s more! The whale staked those ETH on Lido, earning additional rewards. So, their total profit is likely even higher than $16 million.

Justin Sun’s Ethereum Stash

Tron founder Justin Sun is another whale to watch. He’s reportedly amassed a massive 295,757 ETH at an average price of $3,014. With Ethereum’s recent surge, Sun’s investment could yield significant returns.

Opportunities in the Bull Run

The bull run has been a goldmine for crypto investors, especially those who’ve capitalized on meme coins. Two Solana meme coin traders turned $6,400 into $8 million, while another turned $8,673 into $1.26 million in just two months.