The address associated with Fenbushi Capital appears to have sold 11,101 ETH; if sold, it would result in a loss of $11.79 million.

CoinFeed reported on June 2nd that, according to on-chain analyst Ai Yi, an address associated with Fenbushi Capital appears to have sold 11,101 ETH and transferred $21.94 million worth of ETH to an Amber Group deposit address at a price of $1,977.24. Tracing the entry point, this address withdrew 33,398 ETH (approximately $101 million) from Binance between February and April 2024 at $3,039.36. Selling these ETH would have resulted in a loss of $11.79 million.