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COINOTAG reported on September 12 that, according to Onchain Lens monitoring, POAP founder Patricio Worthalter executed a disposition of 2,000 ETH at an average price near $4,423, with the transaction occurring roughly five hours prior to the report.
The on-chain swap converted the ETH proceeds into approximately 8.85 million USDC, representing a realized profit of $5.37 million after a two-year holding period, reflecting a strategic lock-in of gains and a shift toward stablecoin liquidity.
Post-sale balances show Worthalter retaining 41,135 ETH, with an implied market value of about $183.27 million at the time of reporting, underscoring continued significant exposure to Ether on his balance sheet.
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