Whale Sells Final 10,000 ETH, Completing 52,000-Token Liquidation With $24.49 Million Profit
A whale or institution that traded ETH through Galaxy Digital OTC sold its final 10,000 ETH on October 14, completing a full liquidation of 52,000 ETH. According to BlockBeats On-chain Detection, on-chain data showed the address bought 52,000 ETH between July and September at an average price of $2,161 and has been gradually selling since late September at an average price of $2,632.The position generated a total profit of about $24.49 million over roughly two and a half months.