ETH Whale Sells 3,441 ETH for $10.18M, Secures $1.28M Profit in Swing Trade

On-chain data reveals a significant transaction involving an Ethereum (ETH) swing trading whale, who liquidated 3,441 ETH tokens at an average price of $2,960 each, generating proceeds of approximately 10.18 million USDC. This strategic sale occurred just two hours ago, reflecting a well-timed exit after holding the assets for nearly a month. The initial acquisition took place on June 13, when the whale purchased the ETH at $2,592 per token, investing around $8.9 million. The resulting profit from this trade amounts to $1.28 million, representing a 14% return on investment. This transaction underscores the ongoing volatility and active trading behavior within the Ethereum market, highlighting the importance of monitoring large-scale movements for market sentiment analysis.