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Ether holder sells $29.5M in ETH, shifts $20M profits into crude oil trades

Market News
20 Oct 2026
Tokenpost
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Neutral
Ether holder sells $29.5M in ETH, shifts $20M profits into crude oil trades

An Ether (ETH) holder sold 12,468 ETH tokens for about $29.52 million on October 19, making an estimated profit of $8.99 million from a previous leveraged purchase in June. The sale price averaged $2,368 per ETH, significantly higher than the $1,647 purchase price. After the sale, the holder moved $20 million into long positions in crude oil contracts on Hyperliquid, with those oil positions valued at approximately $22.4 million and still growing. This move shifts gains from cryptocurrency into oil market exposure, betting on rising oil prices.

The Ether holder's recent sale and shift into oil is context for readers following cryptocurrency markets. As of Oct 20, 2026 14:21 WIB, 17 of 50 major cryptocurrencies on Pluang rose while 32 fell. Notable movers include FIL at Rp18.310 with a -2.73% change, UNI at Rp129.550 down 2.52%, and AAVE at Rp2.699.117 down 2.07%, with AAVE showing 100% buy order activity.

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