Crypto Whale Liquidates XRP and Ethereum Holdings, Realizing $7.5 Million in Profits

A crypto whale has liquidated major holdings in XRP and Ethereum, realizing $7.5 million in profits. This move comes amid a broader market correction, signaling a strategic shift by large-scale participants.

A crypto whale has liquidated major holdings in XRP and Ethereum, realizing an estimated $7.5 million in profits. This move comes amid a broader market correction, signaling a strategic shift by large-scale participants.

The crypto whale still holds $15.4 million in Solana, suggesting continued activity in selective assets.

Crypto Whale Reduces Exposure to Ethereum Despite Strong Weekly Gains

Ethereum has seen strong momentum, gaining 39.75% over the past week due to network upgrades and demand for ETH staking. However, the crypto whale closed Ethereum positions as the asset dropped 2.15% in the past 24 hours.

Due to the market pullback, this whale has closed $ETH and $XRP long positions, locking in a profit of ~$7.5M.

He's still holding a $15.4M long on $SOL, currently down $560K.https://t.co/VCde0KlT1dhttps://t.co/K3QnpVS15l pic.twitter.com/Ob75lWB1ue

— Lookonchain (@lookonchain) May 13, 2025

Futures data from Coinglass show open interest rising to $6.81 billion, marking a 1.12% daily increase. This growth reflects active participation from market players.

Ethereum trades at $2,469, showing signs of short-term weakness even after a strong rally. A preference for locking in gains during high volatility may have influenced the crypto whale’s decision.

XRP Position Closed Despite Positive Market Sentiment and Price Increase

XRP is currently trading at $2.52 after registering a 24-hour price increase of 4.32% and a 7-day price change of 20.75%.

On-chain data shows XRP funding rates are still positive, indicating stable sentiment among market participants.

Futures open interest for XRP has also climbed to $5.57 billion, showcasing a 24-hour price change of 15.19%.

Crypto Whale Maintains Solana Holdings Despite $560,000 Drawdown

The crypto whale still holds a major position in Solana, which has seen a slight decline of $560,000. This suggests the Crypto Whale is still interested in specific assets despite market shifts.

Solana is now the only major position being held, showcasing potential confidence in its long-term performance.

While the crypto whale has exited XRP and closed Ethereum positions to realize gains, they still had a major position in Solana. This signals a strategy of selective exposure and diversification.