A suspected investment fund, Gamma Fund, transferred 5,480 ETH to Binance, worth $11.93 million.

CoinFeed reported on May 16 that, according to on-chain analyst Yu Jin, an address suspected to be from the investment fund Gamma Fund transferred 5,480 ETH to Binance, worth $11.93 million. In just over two days, they transferred 11,035 ETH ($24.46 million) to Binance, essentially selling all of the 11,215 ETH they bought at the bottom of $1,999 in March, making a profit of $2.4 million.