Ether Holder Sells 12,468 ETH for $8.99 Million Profit, Moves Into Oil
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An Ether (ETH) holder sold 12,468 tokens for about $29.52 million on Oct. 19, realizing an estimated $8.99 million profit before moving $20 million into crude oil trades on Hyperliquid. The sale took place at an average price of $2,368 per ETH and returned about 29.52 million USDC. In early June, the same holder had used leverage to buy about $30 million in ETH at an average price of $1,647. The Oct. 19 sale price was $721 higher per token than that earlier purchase price. After the sale, the holder transferred 20 million USDC to Hyperliquid and opened long positions in crude oil contracts labeled CL and BRENTOIL.
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