ChainCatcher report: According to on-chain analyst @ai_9684xtpa, a prominent ETH OG appears to have liquidated their position. Four hours ago, the address 0x533…cBf48 deposited the final 5,082 ETH to Coinbase, worth $10.27 million. If sold, this would result in a profit of $10.215 million, representing a return of 19,383%. Tracing back the fund source, the originating address 0x288…56279 withdrew 23,300.79 ETH from Kraken in October 2016 for just $241,000.
ETH OG Whale Allegedly Liquidates 5,082 ETH Worth $10.27M on Coinbase
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Summary
A major on-chain trading signal emerged as an ETH OG whale reportedly transferred 5,082 ETH ($10.27M) to Coinbase. The funds originate from a Kraken withdrawal in October 2016. Whale activity is drawing attention, as a full sale could yield a 19,383% return. The original cost basis was just $241,000 for 23,300.79 ETH.
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