- A crypto whale earned over $9 million in profit within a month by buying BTC and other top cryptocurrencies.
- The rise in the general market cap and price growth in large-cap tokens in the last month could be the reason for the rise in the whales’ wallets.
A crypto whale has caused a stir in the crypto space after making over $9 million in profits from ‘hodl-ing’ crypto tokens within a month. The gains from his portfolio came from properly timing the market and taking long positions in top crypto assets like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Litecoin (LTC), XRP, and Chainlink (LINK).
This bold strategy doesn’t just reflect whales’ market confidence but also the current strength of bullish momentum across the crypto landscape.
The Crypto Whale Token Accumulation
On the 3rd of May, Lookonchain shared a post suggesting that a whale quietly built strong buy positions in various crypto tokens, which led to huge gains in the last month. According to Lookonchain, this investor went long on Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Litecoin (LTC), Ripple (XRP), Chainlink (LINK), and 16 other assets, causing him to earn more than $9 million in profit.
The same whale also made another purchase of 309 BTC, worth $24.68 million, at an average price of $79,792 per coin. With the Bitcoin price rising above $84,000 by 8:00 AM UTC the same day, this single trade alone has brought in over $5 million in unrealized profit.
How Market Rally Boosted Whale’s Portfolio
The impressive profits of this wallet can be linked to the recent price surges in major cryptocurrencies in the past month. Bitcoin has climbed by 17.6%, Ethereum by 3.2%, Solana by a remarkable 29.8%, and XRP by 12.1%, and even the total crypto market value jumped 3.5% in the past day, reaching $2.8 trillion by 10:00 AM UTC on May 3, 2025.
These strong gains across top assets and the general market value have likely played a key role in boosting the overall value of the whale’s long positions, contributing significantly to the $9 million profit reported.
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