After the massive crypto market selloff today, whales sold Ethereum in millions to crypto exchanges as Ethereum core developers set the Shanghai upgrade in early April. Core developers and clients also decided the date for the Goerli testnet upgrade.

However, whales have started selling their ETH holdings after the announcement. Whale Alert reported a transfer of 15,400 ETH worth $25 million from an unknown wallet to Binance. Also, a transfer of 25,361 ETH worth over $41 million from an unknown wallet to Coinbase.

Lookonchain revealed that the whale which transferred 15,400 ETH made a profit of $4 million in just 2 months. The whale purchased 8,599 ETH with 11.48 million USDC and received 7,150 ETH worth $9.01 million from Binance in December 2022.

(By Varinder Singh)

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