Whale Amasses $310 Million Long Position, Accumulates Over $9.4 Million in Profits

A whale has accumulated a $310 million long position in digital assets, as of 2026-01-09. The portfolio is composed of 1,210 BTC, 32,474 ETH, 503,778 SOL, and 14.26 million XRP according to the data. Total profits from this position now exceed $9.4 million.

The position shows the whale has continued to buy major cryptocurrencies despite ongoing ETF outflows and mixed market sentiment. Bitcoin, Ethereum, and XRP have all seen recent declines, with ETFs experiencing net outflows. However, Solana has shown more resilience in the same period.

Whale activity has long been a key indicator for market sentiment. The accumulation of these assets signals confidence in their long-term potential. The timing coincides with a broader shift in institutional interest, as major financial players continue to expand into the crypto space.

Why Did This Happen?

The whale's strategy appears to be focused on altcoins rather than Bitcoin. While Bitcoin and Ethereum ETFs have seen outflows, Solana and XRP ETFs have drawn inflows. This divergence suggests that investors are rotating capital toward altcoins with perceived growth potential.

The whale's activity also occurs amid a period of broader ETF expansion. Morgan Stanley recently filed for Bitcoin and Solana ETFs, signaling further institutional acceptance. At the same time, other institutions like BitMine continue to increase their exposure to Ethereum.

The timing aligns with year-end portfolio repositioning and early 2026 inflows into crypto ETFs. This period typically sees increased activity as investors adjust for tax-loss harvesting and new investment strategies.

How Did Markets React?

Market reactions have been mixed. Bitcoin and Ethereum ETFs saw outflows in early January 2026, while Solana and XRP ETFs attracted inflows. This divergence has led to a growing debate about which assets are most attractive in the current environment.

On-chain data shows reduced selling pressure from whales in the XRP market. Whale flows to Binance have declined since mid-December, a sign of reduced short-term selling. This aligns with the whale's long-term accumulation strategy.

The broader market has also seen increased institutional interest. Firms like Morgan Stanley and Revolut are expanding their crypto offerings, indicating a shift in traditional finance toward digital assets.

What Are Analysts Watching Next?

Analysts are closely watching the whale's next moves. A sustained accumulation in these assets could signal further confidence in the crypto market's recovery. If the whale continues to buy, it could drive price appreciation across these assets.

Market observers are also tracking ETF performance. Bitcoin and Ethereum ETFs have seen outflows, but Solana and XRP ETFs are showing strength. This trend may continue as institutional investors look for alternative opportunities.

The broader market is also watching for signs of a new bull run. With Ethereum and Solana showing on-chain strength, and Bitcoin ETFs facing pressure, the crypto market is at a key inflection point.