16 minutes ago, the suspected institution Metalpha multi-signature wallet address 0x324c***D534cB transferred 5,200 ETH to Binance exchange, valued at $9.4 million, with an average price of $1,807 per coin. Six days ago, the average price per coin was $1,574. It is expected that this sale will yield a profit of $1.21 million, with a profit margin of approximately 14.8%.

Metalpha is a cryptocurrency-based wealth management company that provides crypto derivatives to institutions such as exchanges, crypto mining companies, investment funds, and family offices. The company is one of the largest derivatives traders in Asia.