Blockchain analytics firm Lookonchain revealed that a crypto whale earned over $10 million in unrealized profits from Ethereum’s sharp rally in early May 2025. The investor entered a long position as ETH jumped from around $1,800 to over $2,500 in just a few days. By May 11, the trader had already secured massive gains, riding the bullish trend early and effectively.
$12M Leveraged Position Signals Shift to XRP
Shortly after booking profits from Ethereum, the same whale shifted focus. On May 12, 2025, Lookonchain reported that the investor had opened a new 2x leveraged long position in XRP worth nearly $12 million. Within just eight hours, this XRP trade had generated $261,000 in paper profits.
This aggressive bet reflects rising confidence in XRP’s short-term prospects. While the broader market rallies, XRP has lagged behind. Over the past seven days, XRP rose over 10%, moving from $2.10 to $2.40. However, the coin remains below its January peak above $3, showing it still has room to grow.
Whales Accumulate XRP Amid Bullish Sentiment
Supporting the whale’s conviction, on-chain analyst Ali Martinez reported that large holders accumulated more than 880 million XRP in the past month. This steady buying suggests whales may be preparing for a larger move. Their activity aligns with broader speculation about coordinated efforts to drive XRP higher.
Related article: $106M in XRP Suddenly Moves as Price Jumps 9.48% — What’s Behind the Spike?
Adding to the intrigue, Whale Alert tracked two massive XRP transfers. One transaction moved 70 million XRP—worth $148.3 million—between unknown wallets. Another involved 300 million XRP, valued at $633.7 million, sent from Ripple to an unidentified address. These moves raised eyebrows across the XRP community.
The whale’s shift from Ethereum to XRP, paired with increasing whale accumulation and major token transfers, indicates growing confidence in XRP’s potential. Despite its recent underperformance, XRP may be poised for a stronger breakout in the current market cycle.
