Huo Xing Finance reports that on October 26, according to on-chain analyst Yujin, a long-term holding Ethereum whale has begun moving its accumulated ETH. In the past two hours, 5,000 ETH were transferred out, with 1,500 ETH (approximately $3.45 million) deposited into a CEX. The whale originally purchased 100,000 ETH in 2015 at $0.311 per ETH, for a total cost of approximately $31,100. In 2016, it sold 50,000 ETH at $5.47 per ETH, recovering approximately $273,500 and realizing a profit of about $258,000. The remaining 50,000 ETH were held long-term until recently, when the transfer activity began.
Ancient Ethereum whale transfers 5,000 ETH, 1,500 sent to CEX
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Summary
Whale activity on Ethereum increased on October 26 as a long-term investor transferred 5,000 ETH within two hours, including 1,500 ETH ($3.45 million) sent to a centralized exchange. The whale originally purchased 100,000 ETH in 2015 at $0.311, selling half in 2016 at $5.47 for a $258,000 profit. The remaining 50,000 ETH was held as part of a long-term investment strategy prior to the recent transfer.
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