On-chain data shows that a prominent Ethereum whale is initiating partial liquidation. He strategically accumulated nearly 2,935 ETH at an average cost basis of $1,903 in mid-March. The investor's position was initially worth approximately $5.58 million and has since appreciated significantly, yielding a 29.4% return. Recent blockchain activity indicates that 960 ETH has been transferred to Binance, suggesting that a potential sale could realize a profit of nearly $496,000. Despite the partial exit, this whale still holds a substantial amount of 1,974 ETH, with unrealized gains exceeding $1.1 million. This move highlights the cautious profit-taking behavior of large holders amidst ongoing market volatility, reflecting a balanced attitude towards risk management in the cryptocurrency investment community.
