Whale Moves 7916 ETH To Chainup Exchange, Potentially For Profit

According to Odaily, a prominent Ethereum (ETH) holder, often referred to as a 'whale', has transferred 7916 ETH to the Chainup exchange. This move occurred seven months after the whale initially acquired the ETH. The transferred amount is valued at approximately 29.27 million USD, leading to speculation that the whale may be selling for profit.

From November 2023 to February 2024, the whale purchased 10594 ETH through 1inch on-chain, with an average cost of only 2553 USD per ETH. If the whale sells all of the recently transferred ETH, they stand to make a profit of around 9.06 million USD.