A whale wallet that built a $9.35 million Ether position in late February appears to have fully exited, according to on-chain analyst @ai_9684xtpa, with estimated profit put at $1.68 million. The wallet withdrew 4,819.11 ETH from OKX five months ago at an entry price of $1,941.28 per coin. One month ago, it sold 1,200 ETH at a loss. About half an hour before the report, the wallet transferred its remaining 3,619 ETH back to an exchange. The final selling price was estimated at $2,290 on average, bringing the overall return to 18%. The activity points to a near-complete unwind of the position first established earlier this year.
A whale wallet that built a $9.35 million Ether position in late February appears to have fully exited, according to on-chain analyst @ai_9684xtpa. Estimated profit on the trade was $1.68 million.
On-chain data cited in the report shows the wallet withdrew 4,819.11 ETH from OKX five months ago at $1,941.28 per ETH. One month ago, the wallet sold 1,200 ETH at a loss. Around half an hour before the update, it moved the remaining 3,619 ETH to an exchange. The final average selling price was estimated at $2,290, for a return of 18%.
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