A significant Ethereum whale has sold 23,924 ETH, valued at approximately $45.18 million, over the past 10 hours at an average price of $1,888.71 per ETH. The address, identified as 0xead…E9D55, sourced its ETH from two main acquisitions: 19,000 ETH purchased in 2017 at around $357 per ETH, and 7,038 ETH withdrawn from exchanges between December 2023 and April 2024 at a cost basis of $2,709.43 per ETH. Following the sale, the whale deposited 15.998 million USDC as margin on the Hyperliquid platform and placed limit buy orders for Bitcoin (BTC), Ethereum (ETH), and HYPE tokens. The address now holds positions valued at approximately $56.18 million, primarily in long positions, with an unrealized loss of about $6.462 million.