Distributed Capital-Linked Address Suspected of Selling ETH at a Loss

On June 2, according to BlockBeats On-chain Detection, a distributed capital-linked address is suspected of selling 11,101 ETH, potentially incurring a loss of $11.79 million. Eight hours ago, the address 0xaF3…74446 transferred $21.94 million worth of ETH to an Amber Group deposit address, with the deposit price at $1,977.24. Tracing back to the initial acquisition, the ETH was withdrawn from a centralized exchange between February and April 2024 at a price of $3,039.36, totaling 33,398 ETH.