BlockBeats news, on May 12, according to Lookonchain monitoring, a whale address that has been accumulating ETH for the past three months has withdrawn 1,687 ETH (worth 4.2 million USD) from Gate.io again.

Since February 15, this address has withdrawn 50,165 ETH (worth 10.45 million USD) from Gate.io, when the price was around 2,084 USD, successfully converting a floating loss of 21 million USD into a floating profit of 21.7 million USD.