PANews reported on November 29th that, according to on-chain analyst Ai Yi, an address that bought 1074 WBTC at an average price of $10,708 four years ago appears to have started selling ETH after selling its WBTC. This address previously took profits on 1000 BTC in July of this year at an average price of $118,011, netting a profit of $107 million. Ten hours ago, it deposited 5000 ETH into Binance, worth $15.36 million. Over the past two weeks, it has cumulatively deposited 13403.28 ETH into exchanges, totaling $41.06 million. This address currently still holds 15,000 ETH and interacts with addresses associated with Galaxy Digital; the ownership of the wallet cannot be confirmed at this time.PANews reported on November 29th that, according to on-chain analyst Ai Yi, an address that bought 1074 WBTC at an average price of $10,708 four years ago appears to have started selling ETH after selling its WBTC. This address previously took profits on 1000 BTC in July of this year at an average price of $118,011, netting a profit of $107 million. Ten hours ago, it deposited 5000 ETH into Binance, worth $15.36 million. Over the past two weeks, it has cumulatively deposited 13403.28 ETH into exchanges, totaling $41.06 million. This address currently still holds 15,000 ETH and interacts with addresses associated with Galaxy Digital; the ownership of the wallet cannot be confirmed at this time.
A whale that previously profited over $100 million from its WBTC position has begun selling ETH, having sold a total of $41.06 million worth of ETH in the past two weeks.
PANews reported on November 29th that, according to on-chain analyst Ai Yi, an address that bought 1074 WBTC at an average price of $10,708 four years ago appears to have started selling ETH after selling its WBTC. This address previously took profits on 1000 BTC in July of this year at an average price of $118,011, netting a profit of $107 million. Ten hours ago, it deposited 5000 ETH into Binance, worth $15.36 million. Over the past two weeks, it has cumulatively deposited 13403.28 ETH into exchanges, totaling $41.06 million. This address currently still holds 15,000 ETH and interacts with addresses associated with Galaxy Digital; the ownership of the wallet cannot be confirmed at this time.
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