Crypto Whale Sells XRP, ETH for $7.5M, Keeps $15.4M in Solana

TLDRA crypto whale sold XRP and Ethereum holdings and secured a total profit of $7.5 million.Despite the sell-off, the crypto whale still holds a $15.4 million position in Solana.Ethereum declined by 2.15% in 24 hours but posted a weekly gain of 39.75%.XRP increased by 4.32% in the last 24 hours and gained 20.75% over the week.Futures open interest rose to $6.81 billion for Ethereum and $5.57 billion for XRP, reflecting active market participation.A crypto whale has liquidated major holdings in XRP and Ethereum, realizing $7.5 million in profits. This move comes amid a broader market correction, signaling a strategic shift by large-scale participants. The crypto whale still holds $15.4 million in Solana, suggesting continued activity in selective assets.Crypto Whale Reduces Exposure to Ethereum Despite Strong Weekly GainsEthereum has seen strong momentum, gaining 39.75% over the past week due to network upgrades and demand for ETH staking. Despite this growth, the crypto whale closed Ethereum positions, securing profits as the asset dropped 2.15% in the past 24 hours. This move points to a strategy focused on capital preservation while markets remain unpredictable.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, 2025Futures data from Coinglass show open interest rising to $6.81 billion, marking a 1.12% daily increase. This growth reflects active participation from market players, but the crypto whale’s exit from Ethereum signals mixed sentiment. Though the broader outlook shows confidence, such actions reveal targeted adjustments.Source: CoinglassEthereum trades at $2,469, showing signs of short-term weakness even after a strong rally. The crypto whale’s decision to exit Ethereum highlights a preference for locking in gains during high volatility. Though ETH fundamentals remain strong, some participants appear to be reducing risk exposure.XRP Position Closed Despite Positive Market Sentiment and Price IncreaseXRP currently trades at $2.52 after rising 4.32% in the last 24 hours and 20.75% over the past week. Despite this upward trend, the Crypto Whale fully exited XRP positions, converting gains into realized profits. This move suggests a deliberate change in portfolio composition in response to recent price movements.On-chain data show XRP funding rates remain positive, reflecting stable sentiment among market participants. Additionally, futures open interest for XRP has climbed to $5.57 billion, up 15.19% in 24 hours. Despite this, the crypto whale reduced exposure, indicating a refined allocation strategy.XRP’s short-term strength has not deterred the crypto whale from offloading the asset after locking in notable gains. While some market participants maintain long positions, this action emphasizes active portfolio rebalancing. The decision points to realignment rather than loss of confidence.Crypto Whale Maintains Solana Holdings Despite $560K DrawdownThe crypto whale retains a $15.4 million position in Solana, which has declined by $560,000. This indicates the Crypto Whale still sees potential in selective assets despite market fluctuations. Solana remains the only major position held, showing confidence in its long-term performance.While XRP and Ethereum were sold, Solana holdings remain intact, suggesting a focus on diversification and selective exposure. This action supports a shift toward higher-conviction assets within the portfolio. The crypto whale’s current positioning signals continued engagement rather than full market withdrawal.The crypto whale’s approach highlights a balance between risk management and market participation. Though profits were locked in from other assets, commitment to Solana continues.The post Crypto Whale Sells XRP, ETH for $7.5M, Keeps $15.4M in Solana appeared first on CoinCentral.