On Christmas Day, an on-chain whale quietly built a position.

Address 0xDBc...F651F spent $8.78 million on December 25, 2025, sweeping in 3,000 ETH in one go, with the purchase price at about $2,927 per ETH. Perhaps due to holiday luck, this move ultimately turned into a profitable trade.

In just three weeks, the whale took profits. An hour ago, he transferred all 3,000 ETH to a major exchange, at which point the ETH price had risen to around $3,102. At this price, the total value of the 3,000 ETH approached $9.31 million.

A simple calculation shows that from building the position to preparing to close, the unrealized profit on this trade has reached $525,000. For a three-week swing trade, this return is quite impressive.

The actions of such whales often reflect subtle market changes. When you see whales depositing large amounts into exchanges, it usually indicates they are preparing for the next move—whether to cash out or to capitalize on the trend. This time, it looks like a standard profit-taking move.