Whale Sells Over 5,500 ETH Worth $20 Million After Accumulating Since Late 2024
Main Idea
A whale sold over 5,500 ETH worth $20 million after accumulating the cryptocurrency since late 2024, realizing a significant profit.
Key Points
1. Blockchain analyst Ai Yi identified two Ethereum transactions totaling 3,810.76 ETH, generating $13.92 million in proceeds.
2. The seller realized an estimated profit of $2.693 million based on acquisition costs.
3. The wallets had accumulated ETH from October 2024 through June 2025, with average purchase prices of $2,940 and $2,977.
4. A cumulative 5,540.76 ETH (approximately $20.09 million) was sold to various trading platforms.
Description
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