BlockBeats messages: On August 25, according to TradingBeats (formerly Hyperinsight), on August 19, a “suspected 8.19 insider whale” reportedly made a one-time, heavily concentrated bet of $38.72 million about an hour before ETH began its upward move. As of now, the whale has not sold a single ETH, and its unrealized profit has expanded to $11.5 million.

As of the time of publication, ETH is trading at $2,509.8, up about 29.6% from its $1,936 entry cost. The address continues to hold 20,000 ETH using 4x full-position leverage, with the value of the long position rising to approximately $50.196 million and a return rate of 118.6%.

It is reported that this new address was activated on August 19. Within about two minutes, it received $20 million in three transactions from the same source address. Then, at 20:52, it placed a single order to open a long position of 20,000 ETH. It is only about one hour away from the time ETH kicked off the main rally. There has been no addition or reduction of the position, and no take-profit or stop-loss orders have appeared yet.

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