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A seasoned whale who has been bullish on ETH at an average price of $2545 has recently been heavily selling on-chain over the past two weeks. According to on-chain data tracking, this whale sold another 10,000.31 ETH in the last 24 hours, worth approximately $29.35 million, with a single trade profit of $3.904 million.
What’s more noteworthy is its recent systematic reduction plan. Since December 16, the whale has sold a total of 40,605.45 ETH on-chain, valued at up to $118 million. The average selling price was $2,922.79, and the total profit over this period reached $15.34 million.
Interestingly, this whale still holds the final 10,002 ETH on-chain. This shift from persistent bullishness to gradual profit-taking reflects different market participant expectations—some remain firmly invested, while others are rationally cashing out gains.