ETH Whale Sells 3,943 ETH for $10.7 Million While Maintaining a $70 Million Stash

On February 11th, COINOTAG News reported significant trading activity in the Ethereum market, as monitored by ai_9684xtpa. A prominent ETH Swing Whale executed the sale of 3,943 ETH, translating to approximately $10.7 million within a notably brief 40-minute window. This whale had previously acquired 2,716 ETH just four days earlier, averaging a purchase price of $2,674. Following the recent sale, the whale secured a profit of around $106,000, with the selling price positioned at $2,714.

Interestingly, the primary wallet of the ETH Swing Whale still retains a substantial holding of 25,771 ETH, equating to roughly $70.03 million. Furthermore, the whale maintains a strategic short position of 600 WBTC, implying a bullish outlook on the ETH/BTC exchange rate. The wallet’s current Aave Health Factor stands at 1.52, indicating a healthy level of collateralization for its leveraged positions.