Suspected investment fund Gammafund sells 5,555 ETH, profiting $2.87 million

On May 14, according to on-chain analyst Ember, the address gammafund.eth, suspected to be the investment fund Gammafund, bought 11,215 ETH (US$22.42 million) at a price of US$1999 in March. Six hours ago today, it redeemed 5,555 ETH (US$12.53 million) from ether.fi and transferred it to Binance, making a profit of US$2.87 million. In addition, it is continuing to apply for the redemption of approximately 5,500 ETH and may continue to sell after the redemption is successful next week.