PANews reported on February 5 that according to on-chain analyst @ai_9684xtpa, a certain ETH whale is reducing its holdings of 4,117 ETH (US$11.37 million) purchased in 2021, with an estimated profit of US$2.45 million. Previously, the whale did not sell these ETH when the price rose to US$4,800 in the last bull market.
He bought 7,693 ETH at an average price of $2,167 during the period from February to September 2021. In the past 13 hours, he exchanged 2,117 of them for WBTC and deposited another 2,000 into Binance.
He currently still holds 30,797 ETH, most of which are staked in EigenLayer and ether.fi.
