A Whale/Institution Sells 30,000 ETH Again via Wintermute and Coinbase

BlockBeats News, July 10th, according to on-chain data analyst Wu Jinyan's monitoring, [Whale/Institution that Profited $30.45M through two ETH swing trades] continued to sell 30,000 ETH from last night to early this morning through Wintermute and Coinbase.

They purchased 132,000 ETH in the third round from June 11th to June 22nd at an average price of $2,540, and then started selling ETH in batches to take profits from July 9th. Currently, 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 sale. They currently hold 70,000 ETH (worth about $193 million) and are expected to continue selling to take profits in the next few days.