An whale who accumulated around 40,000 ETH at an average price of $906.5 over the past two weeks has reportedly started selling off 11,185 ETH.

BlockBeats News, July 31st, according to on-chain analyst Ai Auntie (@ai_9684xtpa), the smart money that has been accumulating ETH since September 2020 has reportedly sold 11,185 ETH in the past two weeks at a cost as low as $906.5, potentially realizing a profit of $31.35 million if sold.

Address 0x306...6Ab84 deposited 5000 ETH to Binance 6 hours ago, worth $19.21 million, and concurrently initiated a redemption request of 6383.53 ETH to Lido. This is the second large deposit on a trading platform by this address this month, with the previous one being a deposit of 6185 ETH two weeks ago, around $22.28 million. This address, along with its funding sources, accumulated 39,546.52 ETH at an average price of $906.5 from September 2020 to February 2025, and currently holds 10,513.14 ETH.