The whales who have built up a position of 27,332 ETH in the past nine months are reducing their positions to take profits, with a total profit of about US$27.8 million

PANews reported on July 4 that according to monitoring by on-chain analyst @ai_9684xtpa, the whales that built positions of 27,332 ETH at an average price of $2,210 in the past nine months are reducing their positions to take profits, with a total profit of approximately $27.8 million.

The whale continued to buy ETH from exchanges and on-chain between September 30, 2023 and June 10, 2024, accumulating a total of $60.4 million worth of ETH.

Two weeks ago, he began to recharge 8,865 ETH to Binance in batches (from US$3,492 to US$3,198), with a total value of US$29.3 million. If sold, he would make a profit of US$9.72 million; the most recent recharge was one hour ago, with 2,065 ETH recharged; the remaining 18,427 ETH still has a floating profit of US$18.08 million.