A whale that previously profited over $100 million from its WBTC position has begun selling ETH, having sold a total of $41.06 million worth of ETH in the past two weeks.

A whale that bought 1,074 WBTC four years ago has begun selling ETH. Ten hours ago, it deposited 5,000 ETH (worth $15.36 million) into Binance, bringing its total deposits over two weeks to 13,400 ETH (worth $41.06 million). The address still holds 15,000 ETH and is suspected of being associated with Galaxy Digital.