Whale Closes Massive Long Positions on Ethereum and XRP, Locking in $7.5M Profit

A current market report shows that a well-known whale has recently closed massive long positions in Ethereum

Key Notes

A well-known whale has closed massive long positions in Ethereum (ETH) and XRP, shortly after a notable pullback in the digital asset market. According to blockchain tracking service Lookonchain, the decision to exit these positions resulted in a combined profit of approximately $7.5 million.

This move comes after the whale had taken bold long positions on both ETH and XRP. The Ethereum long was opened at the early stages of its recent rally, which allowed the trader to sit on more than $10 million in unrealized gains at one point.

Similarly, an aggressive 2x long on XRP was opened eight hours before it started to rally. That position was worth nearly $12 million and had reached an unrealized profit of around $261,000.

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

However, both trades were abruptly closed as market conditions shifted. Lookonchain said the whale chose to exit these positions and secure roughly $7.5 million in realized profits. After a sudden pullback hit the crypto market, the whale decided to close the trades.

This move shows that big players are quickly responding to the market. Since May 2025, both Ethereum and XRP have seen strong performances. Ethereum recently flipped Coca-Cola, Alibaba, and Hermès in market capitalization.

Likewise, Coinspeaker noted earlier that XRP is roaring back into the spotlight, surging past $2.60 after a whale moves $782 million worth of XRP.

However, the shift in market direction led the whale to secure profits instead of risking a drop.

Still Holding A Major Long Position

While the ETH and XRP trades have been closed, the whale has chosen to maintain a long position on Solana (SOL). That trade stands at $15.4 million, though it currently faces a loss of about $560,000.

This suggests the whale is still willing to stay in certain positions despite volatility, possibly due to confidence in SOL’s performance. It also shows a shift in risk appetite, with selective exposure rather than a wide net across multiple assets.

After a short-term breakout, XRP has recently made headlines, temporarily moving into the top three cryptocurrencies by market capitalization. That rally appeared to decouple from the broader market.

External developments, like a recent US-China trade deal, have also impacted market sentiment across the board. That deal has lifted traditional markets and is temporarily impacting alternative assets like Bitcoin and gold.

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Benjamin Godfrey is a blockchain enthusiast and journalist who enjoys writing about the real-life applications of blockchain technology and innovations to promote general acceptance and integration of the emerging technology. His passion for educating people about cryptocurrencies drives his contributions to leading blockchain media and websites.

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