Whale That Accumulated 3,700 ETH in February Appears to Liquidate Position, Deposits 3,418 ETH to Major CEX

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Gate News message, April 29 — A whale address that accumulated 3,700 ETH in February at an average price of $1,973 appears to be liquidating its position. One hour ago, it deposited 3,418 ETH worth approximately $7.98 million into a major centralized exchange.

The address previously made a deposit on April 26. If this latest deposit is indeed a sale, the whale will have fully exited its position. The average deposit price across both transactions was $2,332 per ETH, representing an 18.2% return over roughly two months. Based on these figures, the whale is projected to realize a profit of approximately $1.328 million.

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