Whale Who Bought Ethereum at $18.8 Starts Offloading With 15,600% Profit Amid Historic Q3 Record

An early Ethereum whale nets 15,600% profit, selling coins bought at $18.80 as ETH locks in its best Q3 rally on record.

Gamza Khanzadaev · 29 Sep 2026 · 5 min read

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Whale Who Bought Ethereum at $18.8 Starts Offloading With 15,600% Profit Amid Historic Q3 Record

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Gamza Khanzadaev

Tue, 29/09/2026 – 8:51

An early Ethereum whale nets 15,600% profit, selling coins bought at $18.80 as ETH locks in its best Q3 rally on record.

Whale Who Bought Ethereum at $18.8 Starts Offloading With 15,600% Profit Amid Historic Q3 Record

Cover image via depositphotos.com

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A major early investor, regarded as an Ethereum OG, has reactivated a wallet that had been dormant for about nine years to take profits near the peak of the current quarterly rally.

According to analytics tracker Lookonchain, the address acquired 3,000 ETH at an average price of $18.8 per coin in 2017 and withdrew the coins from Gemini. The initial investment totaled just $56,500.

Ethereum posts its best Q3 on record — and early investors begin cashing out

The profit-taking comes against an unusual historical backdrop. According to CryptoRank’s quarterly data, Q3 2026 has been Ethereum’s strongest third quarter on record so far, with a return of +72.7%. The sharp rally followed declines of –29.1% in Q1 and –25.3% in Q2.

*Ethereum quarterly returns table highlighting a record-breaking performance in Q3 2026, Source:* *CryptoRank*

Historically, Q3 has been Ethereum’s weakest and most volatile quarter, with an average return of just +9.11% and a median return of +4.55%. This quarter’s gain has even surpassed the exceptional Q3 of 2020 (+59.2%), making current prices an attractive point for long-term holders to cash out.