Ethereum Whale Drains 7,654 ETH Worth $21.6M, Realizes $4M Profit in Latest ETH Sell-Off

COINOTAG News, citing LookIntoChain on December 18, documented a high‑impact move by a whale address (0xc8D4). Within one hour, the wallet drained 7,654 ETH across three accounts, translating to about $21.6 million and locking in roughly $4 million in realized gains. The pattern highlights ongoing liquidity migrations among substantial holders in the ETH ecosystem.

The same address began by accumulating 12,906 ETH in May 2018 at a local bottom and has since realized profits by selling into rallies, reflecting a documented strategy among large holders within Ethereum markets.

Over the last three years, this account has generated more than $15 million in ETH trading profits, underscoring notable profitability in Ethereum trading, despite market swings.