ETH Whale Is Taking Profit, Not Fully Exiting 🐋
A major whale accumulated ETH from Binance throughout July–August at an average of around $1,776.83, worth roughly $140M at the time.
Since August 19, 10,887 ETH (~$24.16M) has been moved back to exchanges. If sold near current levels, that could secure approximately $4.82M in profit.
But here’s the key part 👀
The stablecoins generated from these sales are reportedly being used to repay Spark loans.
The whale still holds significant exposure:
• 47,889 wstETH
• 1,200 WBTC
• $83.67M USDS borrowed
• Health Factor: 2.26
So far, this looks less like a complete exit and more like profit-taking + deleveraging.
📍 Address: "0x268448f31594f4636d03cbb4e813b94801e47643"
$BTC : $77,310
$ETH : $2,415.91
🐋 The whale is reducing leverage while still keeping substantial skin in the game.
A major whale accumulated ETH from Binance throughout July–August at an average of around $1,776.83, worth roughly $140M at the time.
Since August 19, 10,887 ETH (~$24.16M) has been moved back to exchanges. If sold near current levels, that could secure approximately $4.82M in profit.
But here’s the key part 👀
The stablecoins generated from these sales are reportedly being used to repay Spark loans.
The whale still holds significant exposure:
• 47,889 wstETH
• 1,200 WBTC
• $83.67M USDS borrowed
• Health Factor: 2.26
So far, this looks less like a complete exit and more like profit-taking + deleveraging.
📍 Address: "0x268448f31594f4636d03cbb4e813b94801e47643"
$BTC : $77,310
$ETH : $2,415.91
🐋 The whale is reducing leverage while still keeping substantial skin in the game.