Whale Sells 3,000 ETH After Profiting $32M Since 2023
Flash
March 11, 2025 10:47 AM
In Brief
A major Ethereum whale transferred 3,000 ETH to Binance, likely selling off their position.
The investor has made over $32 million in ETH profits since September 2023.
According to on-chain data analyst ai_9684xtpa, a large Ethereum whale deposited 3,000 ETH (~$5.51 million) to Binance, marking a likely sell-off. The investor, who has been accumulating ETH since September 2023 at an average price of $2,278, has now nearly fully exited their position, leaving only 545 ETH in their wallet.
Over the past five months, the whale has amassed 93,839 ETH (~$213 million) and has reportedly secured over $32 million in profits. This latest move suggests profit-taking amid market uncertainty, as ETH struggles to maintain key support levels.
Market watchers are now monitoring whether similar whale movements could impact Ethereum’s price action in the coming days.
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