ETH Whale Plans Partial Profit-Taking After 29.4% Return Following Massive Accumulation

On-chain data reveals that a prominent Ethereum whale, who strategically accumulated nearly 2,935 ETH at an average cost basis of $1,903 in mid-March, is initiating a partial liquidation. This investor’s position, initially valued at approximately $5.58 million, has appreciated significantly, yielding a 29.4% return. Recent blockchain activity shows a transfer of 960 ETH to Binance, signaling a potential sale that could realize profits close to $496,000. Despite this partial exit, the whale retains a substantial holding of 1,974 ETH, which currently represents an unrealized gain exceeding $1.1 million. This movement underscores the cautious profit-taking behavior among large holders amid ongoing market volatility, reflecting a balanced approach to risk management within the crypto investment community.