Winslow Strong, director of the Qualia Research Institute, recently made headlines by depositing 9,380 ETH, valued at $33.7 million, to Coinbase. This transaction occurred just two hours before the report emerged.

Since the rebound of Ethereum in early November, Strong has sold a total of 14,233 ETH, accumulating $48.8 million at an average selling price of $3,431 each.

This move by Strong exemplifies a broader trend among cryptocurrency whales who are taking profits amid the market's recent price upticks.