A giant whale once again extracted 1687 ETH from CEX, and its 50,000 ETH holdings have turned into profits

On May 12, according to Lookonchain monitoring, a giant whale that has been accumulating ETH for the past 3 months is now profitable - he has again withdrawn 1,687 ETH (worth $4.20 million) from the Gate.io exchange. Since February 15, he has withdrawn 50,165 ETH (worth $104.50 million) from the Gate.io exchange, when the average withdrawal price was about $2,084. He turned a previous loss of $21 million into an unrealized profit of $21.7 million.