According to blockchain analytics firm Lookonchain, the transaction came from wallet 0x77a5 and was executed at an average price of $2,178 per Ether.
A wallet tied to WLFI sold 4,870 Ethereum at an average price of $2,178, taking in $10.61 million in USDC (a U.S. dollar-pegged stablecoin), according to Lookonchain (blockchain analytics platform). The firm said the transfer was made about eight hours earlier from wallet 0x77a5. The transaction highlights how large on-chain sales can be tracked in real time through public blockchain data, especially when stablecoins are used as the settlement asset.