Odaily reported that, according to monitoring by on-chain analyst Yu Jin, a whale previously noted for spending $500 million to buy BTC and ETH in early February has completed a short-term ETH trade. The whale bought 29,000 ETH ten days ago, on June 6, at a price of $1,609 per ETH. The position was worth $46.67 million at the time of purchase.
After ETH rebounded, the same whale sold the 29,000 ETH position in the early hours of today. Based on the figures disclosed by Yu Jin, the trade generated a profit of $6.43 million, equal to a 14% return.
The disclosed transaction timeline centers on three points: the June 6 purchase, the $1,609 entry price, and the sale completed early today. The address had already been tracked because of its earlier $500 million bottom-buying activity involving BTC and ETH in early February.