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A Whale/Institution Sells 30,000 ETH Again via Wintermute and Coinbase

9 hours ago

On July 10th, as monitored by on-chain data analyst Wu Jinyan, the [Whale/Institution that Profited $30.45M through two ETH swing trades] continued to sell 30,000 ETH from last night until early this morning through Wintermute and Coinbase. They bought 132,000 ETH in the third round from June 11th to June 22nd at an average price of $2,540. Then, they began selling ETH in batches to realize profits starting from July 9th. Currently, they have sold 63,592 ETH for 170 million USDC, with an average selling price of $2,686. They have achieved a profit of $9.28 million from this sale. They currently hold 70,000 ETH (valued at about $193 million) and are expected to continue selling to realize profits in the next few days.
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