A whale/institution once again sold 30,000 ETH through Wintermute and Coinbase

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According to ChainCatcher, on-chain data analyst Yu Jin monitored that Wintermute and Coinbase continued to sell 30,000 ETH from last night to early this morning.

They bought 132,000 ETH at an average price of 2,540 during the third round from June 11 to June 22, and then started selling ETH in batches for profit since July 9. So far, they have sold 63,592 ETH for 170 million USDC, with an average selling price of $2,686. They have realized a profit of $9.28 million from this portion. The remaining ETH holdings are 70,000 (approximately $193 million), and they are likely to continue selling for profit in the next few days.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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