A whale address known for profitable ETH swing trades has begun offloading assets, selling tens of thousands of ETH for over $100 million through major trading platforms.
On October 3, blockchain analyst Yu Jian reported that a whale address, previously earning over $81 million from ETH swing trades, sold 22,500 ETH (approximately $100.4 million) to take profits via platforms such as Wintermute and FalconX. The whale purchased 60,333 ETH in late September at an average price of $4,256. Over the last two days, the address sold 43,330 ETH at an average of $4,388, securing around $5.72 million in profit from these transactions.