Institutional Whale Sells 10,000 ETH…Worth $43.35 Million

Suehyeon Lee

Summary

A whale investor, presumed to be an institution, reportedly sold 10,000 ETH (about $43.35 million).
It was stated that the whale deposited USDC into the Aave V3 protocol after the sale.
Currently, the wallet has about $535 million worth of USDC deposited, and it is known to be holding 10,013.66 ETH in staking.

A whale investor, estimated to be an institution, was found to have sold 10,000 Ethereum (ETH).

According to OnchainLens on the 21st (local time), the whale sold 10,000 ETH ($43.35 million) through the over-the-counter trading firm Wintermute OTC. This is valued at approximately ₩5.9 billion.

Afterwards, this whale deposited stablecoin USDC into the Aave V3 protocol. Currently, this wallet has about $535 million worth of USDC deposited in Aave, and it is also reported to still be holding 10,013.66 ETH in a staked state.

ETH