ETH Whale Ends 7-Year Hibernation, Cashes Out $39.1 Million in Profits

TechFlow News: On June 25, on-chain analyst Onchain Lens (@OnchainLens) reported that a whale address “0x096,” dormant for seven years, sold its entire ETH holding of 27,585 tokens at an average price of $1,625, receiving $44.84 million in USDS and realizing a profit of $39.1 million. The whale had originally purchased 27,586.48 ETH for $5.72 million. This sale was conducted in batches; the whale had already sold 1,100 ETH on June 23, cashing out $1.9 million.