A whale wallet that accumulated 17,675 ETH on June 25 has made what appears to be its first profit-taking move, according to on-chain tracker @ai_9684xtpa. The address, beginning with 0xA70, withdrew ETH worth $28.58 million from Binance about three weeks ago at an average price of $1,617. Four minutes before the monitoring update, the wallet sent 3,000 ETH back to Binance, a transfer valued at roughly $5.8 million. Based on the deposit price of $1,933.91, the position would generate an estimated profit of $950,000 if sold. The transaction suggests the whale may be trimming holdings after the earlier accumulation, though the tracker described the move as a suspected first reduction rather than a confirmed sale.
A whale that accumulated 17,675 ETH on June 25 appears to have started taking profit for the first time, according to on-chain tracker @ai_9684xtpa.
The wallet, which starts with 0xA70, withdrew ETH worth $28.58 million from Binance about three weeks ago at an average price of $1,617. Four minutes before the monitoring update, the address sent 3,000 ETH back to Binance, a transfer valued at about $5.8 million.
At a deposit price of $1,933.91, selling those 3,000 ETH would lock in an estimated profit of $950,000.
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