Whale Liquidates 2053 ETH at $2,053 for Potential $1.5M Profit: Insights on Ethereum Movements

On May 25th, COINOTAG reported significant activity in the cryptocurrency market, highlighting the actions of a prominent whale, identified as 0x65e…E21fa. This entity executed a liquidation of 2,053 ETH at a price of $5.06 just two hours prior. Preliminary calculations suggest that this transaction could have yielded a profit of approximately $1.517 million if the assets were to be sold at that time. Notably, this whale previously withdrew ETH from Binance at an average acquisition cost of $1,794, subsequently utilizing those assets for staking on Kiln. As of now, the whale has completed the redemption process and reinvested the funds into a centralized exchange (CEX), indicating a strategic move to capitalize on market opportunities.