ETH OG with a $10.37 entry price sells 5,082 ETH to Coinbase for $10.27 million

iconChainthink
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy
AI summary iconSummary

expand icon
An ETH OG who entered at $10.37 sold 5,082 ETH to Coinbase for $10.27 million. The long-term holder originally purchased 23,300.79 ETH in October 2016 for $241,000. The trade demonstrates strong price movement with a risk-to-reward ratio of nearly 19,400%, yielding a profit of $10.215 million.

ChainThink reports that on March 10, on-chain analyst Aunt Ai (@ai_9684xtpa) monitored that an ETH OG, who originally accumulated ETH in 2016 at a cost as low as $10.37, appears to have liquidated their position.


4 hours ago, the address 0x533…cBf48 transferred its remaining 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 the funds backward, the source address 0x288…56279 withdrew 23,300.79 ETH from Kraken in October 2016, at a cost of just $241,000.

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.