On July 31, according to on-chain analyst Ai姨 (@ai_9684xtpa)'s monitoring, a smart money address that started accumulating ETH in September 2020 has appeared to have sold off 11,185 ETH in the past two weeks, with an average cost of $906.50. If sold, it would yield a profit of $31.35M.

Address 0x306...6Ab84 deposited 5,000 ETH worth $19.21M to Binance 6 hours ago, and also initiated a redemption request of 6,383.53 ETH to Lido. This is the second large deposit to a trading platform this month for this address. The last time was two weeks ago, with a deposit of 6,185 ETH, worth approximately $22.28M. This address and its source of funds accumulated 39,546.52 ETH at an average price of $906.50 from September 2020 to February 2025, and currently still holds 10,513.14 ETH. [BlockBeats]

A whale that hoarded approximately 40,000 ETH at an average price of $906.50 USD has allegedly sold off 11,185 ETH in the past two weeks.