It is suspected that Blockchain Capital has sold 766,000 ENS in the past three months, realizing a profit of 8.2 million US dollars

Golden Finance reports, according to on-chain analyst Yu Jing's monitoring, an institution (likely Blockchain Capital) hoarded ENS at its low point and then sold 766,000 ENS ($17.71 million) in the past three months after the price of ENS hit a high last December, realizing a profit of $8.2 million. They accumulated 1.306 million ENS ($16.23 million), with an average price of $12.4 per unit through four addresses withdrawn from CEX in 2023. After the price of ENS broke through $40 at the end of 2024, they began to gradually transfer out their ENS holdings. So far they have transferred out a total of 766,000 units worth $17.71 million at an average transfer-out price of $23.1 per unit, realizing profits totaling $8.2 million dollars . These ENS entered exchanges via address 0xC4D...611 . Currently they still hold 540 thousand units valued at approximately $8.85 Million USD.