Ethereum Whale Profits $301,000 After Closing Long Position

According to BlockBeats, a significant Ethereum trader known for borrowing 15,000 ETH to go long on April 28 has closed their position within the past hour, securing a profit of $301,000. The trader sold the remaining 10,510 ETH at an average price of $1,832, totaling $19.25 million. The cost basis was $1,801.24 per ETH, and despite a loss of $21,700 incurred the previous night, the overall strategy resulted in a successful gain.