In a significant transaction reported by COINOTAG on May 14th, a prominent crypto whale, identified as 0xF92…CD1f9, executed a swap involving 2,000 ETH for 51.821 WBTC, equating to approximately $5.4 million. The executed swap occurred at a rate of $2,709 per ETH. This move marks a continuation of the whale’s increased divestment, as records show that since the beginning of May, they have liquidated a total of 15,470 ETH, amassing a substantial $37.69 million in value. The average acquisition cost for the sold ETH stood at $2,436, reflecting the strategic positioning of this market player amidst shifting crypto dynamics. This transaction highlights ongoing trends in the market as institutional players continue to adjust their holdings in response to current price fluctuations.
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