PANews reported on October 12th that according to on-chain analyst Yu Jin, a whale/institutional investor who accumulated 86,000 ETH at an average price of $3,023 from June to August has reduced their holdings by 9,010 ETH ($34.05 million) since yesterday's early morning drop. They began taking profits on September 15th and have since transferred a total of 24,020 ETH ($103 million) to Binance at an average price of $4,282, realizing a profit of $30.24 million. They currently hold 61,981 ETH ($232 million).