Two large ETH holders recently sold a combined total of 33,701 ETH worth $89.72 million as ETH prices rose. The first whale, known as “0xB8c,” put 25,000 ETH (USD 65.67 million) into Kraken at around US$2,627, leaving 64,450 ETH (USD 181.2 million). The second whale, “0x0c1,” was active after an 8.75-year dormancy period, selling 8,701 ETH at US$2,764 and getting 24.05 million USDC.
They now have 2,304 ETH (US$6.48 million), making a profit of US$30.48 million (689 times their initial investment).
