According to Spot on Chain monitoring, in the latest round of decline, a whale sold all of his 3,476 ETH at a price of US$1,833 a few hours ago and exchanged them for 6.37 million USDC.
During the USDC unpegging on March 10, the whale received most of the ETH from Binance at a price of $1,432. The whale has held these ETH for nearly 3 months and has experienced multiple declines (including a 7.8% drop on April 27). The latest round of ETH price decline became the last straw that broke the camel's back. The whale seemed to have lost hope in ETH and sold all his holdings, eventually making a profit of $1.311 million and a ROI of 25.93%. The whale's address is: 0x6117d.
