According to CoinMeta, and as reported by on-chain analyst Yu Jin, a large whale sold 12,468 units of ETH at an average price of $2,368, making a profit of approximately $8.99 million. Previously, this same whale had used leverage to buy low on ETH worth $30 million at an average price of $1,647. The whale transferred $20 million from its holdings of $29.52 million in USDC to HyperLiquid, and has now opened a long position in crude oil worth $22.4 million, continuing to increase its holdings.