According to Odaily, a whale or institutional entity has reportedly sold a significant amount of cryptocurrency, including 3.13 million LDO tokens (worth $5.77 million), 49,771 AAVE tokens (worth $4.54 million), 269,177 UNI tokens (worth $2.41 million), and 250,969 FXS tokens (worth $708,000). This move comes after the U.S. Securities and Exchange Commission (SEC) approved the Ethereum spot ETF's 19b-4 form at the end of May.
The entity had spent over $73 million purchasing ETH and Ethereum ecosystem tokens. However, it has now sold most of these tokens, retaining only 3.33 million LDO tokens (worth $5.83 million) and 31,191 AAVE tokens (worth $2.8 million). The total profit from these transactions is reported to be $2.87 million. The entity made a profit of $7.29 million on ETH, but reported losses of $3.23 million on LDO and $1.1 million on AAVE.
