Crypto on-chain data suggests that a big crypto whale, who has been holding out for a long time, might have finally thrown in the towel.

On-chain sleuthing reveals that a crypto whale, after patiently holding 450 Ethereum (ETH) – worth $730,600 – for a solid 2.5 years, decided to sell today. The profit? A relatively modest $108,000. This whale then moved their funds to the Binance exchange.

Here’s the kicker: This whale actually had three separate chances to cash out their ETH for over $4,000 each! Instead, they held on, potentially missing out on a whopping $1 million profit.

Ethereum’s price performance lately has definitely been a topic of conversation, and not in a good way. The ETH/BTC ratio is at rock bottom levels we haven’t seen in a while.

But hold on, it’s not all doom and gloom for Ethereum whales! On-chain data also reveals that capital management firm Abraxas Capital just moved a massive 6,000 ETH, valued at $9.88 million, *out* of Binance and *into* the Aave staking protocol today.

*This is not investment advice.