Using flash loans to go long on ETH, whale 0xa339 has once again significantly offloaded in the past 60 minutes, selling 10,599 ETH at a price of $2,825, totaling approximately $29.94 million.

What’s more noteworthy is that this whale has been actively selling over the past two days—selling a total of 20,599 ETH (worth $59.09 million), and making a profit of $6.67 million from these sales. However, if we extend the timeline and consider the losses incurred when he cut his position at the bottom in late April, he is actually still in a loss on paper.

As of now, this whale’s wallet still holds a position of 30,000 ETH. Will this selling pace continue? How will the market evolve? The market is closely watching.