A certain whale address is suspected of liquidating 5419 ETH that were acquired 7 months ago, with a profit pullback exceeding $8.4 million

According to on-chain data analyst @ai_9684xtpa, a whale address starting with 0x564 is suspected of clearing out 5,419 ETH (approximately $13.62 million) that was built up seven months ago. If sold, it would make a profit of $970,000.

This address had previously transferred ETH from CEX in batches at an average price of $2,334 in February 2024 and redeemed 5,418 ETH pledged to Mantle before transferring them to the trading platform 22 hours ago. Although this transaction still maintains a profit, compared to the peak coin price in March, profits have already retreated by more than $8.4 million.