COINOTAG News on Oct. 4 cites on-chain analyst Wu Ji, reporting a significant ETH whale sale—the same institution that previously profited $85.34 million from an ETH arbitrage transaction has sold 12,500 ETH (≈ $56.77 million) via FalconX at an average price of $4,542.
According to the on-chain data, the address amassed 60,333 ETH during late-September accumulation and has liquidated 55,830 ETH over the past three days for about $247 million USDC, realizing a reported on-chain profit near $9.3 million, underscoring elevated profit-taking among large holders.