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On-chain analyst Wu Jinyan reported that the institutional whale address 0x395…500, which accumulated 86,001 ETH at an average price of $3,023 between June 22 and August 12 via Binance, transferred out 6,010 ETH—approximately $27.25 million—to Binance one hour ago. The movement was recorded on-chain and represents a clear exchange inbound transaction rather than an off‑chain report.
Per the on‑chain data, this is the first sale from that address following the accumulation window, leaving an estimated unrealized profit of roughly $130 million on the position. Analysts and investors monitoring Ethereum flow metrics should consider the verified change in exchange-held ETH balances when assessing liquidity and short‑term order book dynamics.
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