A large Ethereum (ETH) whale or institutional investor has begun taking profits by selling part of its holdings, transferring 33,582 ETH to Wintermute and Coinbase and converting it into approximately $85.38 million USDC at a selling price of $2,600 per ETH. This whale had previously purchased 132,536 ETH for about $333.79 million at an average price of $2,540 between June 11 and June 22. Despite realizing over $30 million in gains, it still holds around 100,000 ETH valued at $260.44 million, with possible ties to Alliance DAO. Meanwhile, other whales and institutions continue to accumulate ETH, with wallets linked to Cumberland withdrawing 34,883 ETH ($89.45 million) from Binance and another withdrawing 7,200 ETH ($18.37 million) from Kraken in the past week. Additionally, a wallet known as the "ETH ICO 1 million ETH whale" sold 1,000 ETH worth $2.61 million recently, having cumulatively sold 358,599.97 ETH valued at $897 million since July 2024, and currently holds 23,619 ETH valued at approximately $61.56 million. On the Bitcoin front, 472 BTC worth about $51.27 million was transferred from Kraken to an unknown wallet, and 38,030 ETH valued at nearly $98.91 million was moved from an unknown wallet to Kraken. Furthermore, $109.43 million USDC was transferred from Binance to an unknown wallet, indicating active large-scale movements across major crypto exchanges.