According to PANews, Lookonchain monitoring shows that the SPX6900 whale is selling SPX for profit. Two months ago, he bought 7.79 million SPX at $161,000 and started selling SPX 11 hours ago.

So far, the whale has sold 638,000 SPX ($562,000) at $0.88, leaving him with 7.15 million SPX ($6 million). The whale’s profit on SPX is $6.4 million, a 40x return.