According to Lookonchain, a major Ethereum whale who spent the past three months accumulating ETH has now become profitable, recently withdrawing 1,687 ETH (approximately $4.2 million) from Gateio. Since February 15, this whale has withdrawn a total of 50,165 ETH ($104.5 million) from the exchange at an average price of around $2,084 per ETH. The whale has managed to turn a previous $21 million loss into a $21.7 million profit, signaling significant bullish momentum among large holders. For traders, this whale activity suggests growing institutional interest and could indicate sustained upward price pressure on Ethereum in the near term, impacting market sentiment and potential trading strategies. Source: Lookonchain (x.com/lookonchain/status/1921775646411214906)

According to Crypto Rover on Twitter, the trader has realized approximately $800,000 in profit from an Ethereum trade and is considering another giveaway if his account reaches $1 million (source: Crypto Rover Twitter, May 10, 2025). Such significant trading gains and public announcements often influence retail sentiment and can lead to increased trading volume and short-term volatility in Ethereum and related altcoins. Traders should monitor Ethereum price action closely, as high-profile disclosures and potential giveaways may drive speculative interest and affect order book dynamics in the near term.