A significant Ethereum investor, commonly known as a whale, has executed a large-scale liquidation of its holdings, realizing substantial profits. The entity sold 3,441 Ether (ETH) for a total of $10.18 million USD Coin (USDC).
According to transaction details, the ETH tokens were sold at an average price of $2,960 per token. This sale concluded a holding period initiated on June 13, when the whale acquired the 3,441 ETH tokens at an average price of $2,592 per token, representing an initial investment of roughly $8.9 million.
The sale netted the whale a profit of $1.28 million. This represents a notable 14% return on the initial investment for the asset held for nearly one month. The transaction underscores the continued profitability potential found within the volatile cryptocurrency markets, particularly for large-scale movers.