Whales Cash Out $528M in $ETH as Market Heats Up

While retail and institutions scramble to accumulate ETH, two seasoned whales are quietly offloading hundreds of millions worth.

Trend Research (@Trend_Research_), known for aggressive accumulation earlier this year, bought 184,115 ETH for $390M between Feb 26 and June 20 at an average of $2,118. But in just the past two days, they’ve sold 79,470 #ETH for $250M — locking in massive profits at an average price of $3,145. Yet they’re not out completely, still holding 105,664 ETH valued around $354M.

Meanwhile, another well-known ETH trader — who previously booked over $30M in profits — made his move. This whale had acquired 132,536 ETH at an average of $2,518 between June 11 and June 22. Over the last eight days, he’s sold 98,610 ETH for $278M at $2,819 average — and still sits on a sizable 35,022 ETH stash, worth $117.5M.

Wallet: 0xd8d041705735cd770408AD31F883448851F2C39d