ChainCatcher said on-chain analyst Yu Jin tracked a whale that bought 10,501 ETH at $1,904 each about one month ago, spending about $20 million. After ETH rallied, the whale took profit 15 minutes ago by cutting the position in half and moved 5,250 ETH, worth about $11.7 million, to Binance. The wallet has locked in about $3.4 million in profit.
Whale cuts ETH position in half
ChainCatcher reported, citing on-chain analyst Yu Jin, that a whale bought 10,501 ETH about one month ago at $1,904 per coin, spending roughly $20 million.
After ETH rallied, the same whale took profit 15 minutes ago by trimming the position by half. It transferred 5,250 ETH, worth about $11.7 million, to Binance, and has made about $3.4 million in profit.
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