Matrixport-linked whale sits on 90,000 ETH ($204M) after banking $59M in profit — and is still buying.

A whale wallet tied to Matrixport has grown its Ethereum long to 90,000 <a class="ticker-mention" href="/en-US/token/eth">ETH</a>, worth roughly $204 million at current prices, after already locking in $59 million in profit on the trade. Rather than rotating gains out, the address has continued adding to the position — a signal that conviction on the trade remains high.

Large concentrated longs of this size can act as a floor bid in the near term, as the holder has both the incentive and the apparent capital to defend the position. Traders watching ETH order flow will likely treat this as a bullish data point, particularly given the profitable entry that preceded the latest accumulation.