According to ChainCatcher, a long-term whale (0x3E3...c4d) with an 11-year holding history has transferred all of its holdings, totaling 135,284 ETH, in batches to Gemini, with a total value of approximately $397 million. The address accumulated these assets in 2017 through Bitfinex at a price of around $90 per ETH and had remained inactive for nearly nine years. Earlier this week, the whale first transferred 50,000 ETH, and today completed two more transactions totaling 85,283 ETH. The ETH holdings of this address are now fully emptied, with estimated profits of around $385 million.
11-Year ETH Whale Transfers 135,284 ETH to Gemini, Realizing $385M Profit
ChaincatcherShare
Summary
Whale activity trading saw a major move as an 11-year ETH whale transferred 135,284 ETH to Gemini, realizing a $385 million profit. The address, which had been inactive since 2017, initially bought ETH at $90 via Bitfinex. The whale moved 50,000 ETH earlier this week and completed two more transfers today, totaling 85,283 ETH. The address is now empty, suggesting a take-profit strategy after nearly a decade.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.