Gammafund: Sells ETH for $2.87M Profit

A suspected Gammafund wallet, gammafund.eth, just cashed in big on ETH holdings. Back in March, it scooped up 11,215 ETH at $1,999 each for $22.42M. Six hours ago, the address redeemed 5,555 ETH worth $12.53M from ether.fi and dumped them into Binance, locking in $2.87M profit. This move signals institutional profit-taking as ETH price prediction debates heat up, mirroring recent Bitcoin and BTC swings in crypto market trends. Investors eye similar plays in TAO amid broader institutional crypto investment shifts.