PANews reported on July 24 that according to monitoring by on-chain analyst @ai_9684xtpa, a whale who built a position of 96,638.9 ETH at an average price of US$1,567 during August and September 2022 reduced his position by 10,000 ETH (about US$34.2 million) a few minutes ago, with an estimated profit of US$18.52 million.

The whale is suspected to have sold 40,000 ETH in the past five months, with a cumulative profit of about $73.63 million. It currently holds 56,639 tokens worth $193 million.