The whale who previously profited over 100 millions USD from holding WBTC has started selling ETH, offloading a total of 41.06 millions USD worth of ETH in the past two weeks.
According to a report by Jinse Finance, on-chain analyst Ai Yi has monitored that an address which accumulated 1,074 WBTC at an average price of $10,708 four years ago has started selling ETH after selling off all its WBTC. Earlier this year, the address realized profits by selling 1,000 BTC at an average price of $118,011, earning $107 million. Ten hours ago, the address deposited 5,000 ETH, worth $15.36 million, to an exchange. Over the past two weeks, it has deposited a total of 13,403.28 ETH to exchanges, with a total value of $41.06 million. The address currently still holds 15,000 ETH and has interacted with addresses associated with Galaxy Digital, but the ownership of the wallet cannot be confirmed at this time.
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