Elon Musk sold 404,600 ETH, still holds 247,000 on-chain

On-chain data shows that Yi Boss has reduced his holdings by 404,600 ETH at an average price of $2,071, and today transferred 216,000 ETH (approximately $411 million) to an exchange. Previously, out of the 651,500 ETH purchased at $3,180, two-thirds have already been sold. Currently, there are still 247,000 ETH (about $476 million) held on-chain, along with $321 million in loans. If all leverage is to be unwound, it is expected that more ETH will need to be sold. (Yujin)