Odaily Planet Daily reports, according to on-chain analyst Ai Yi, four hours ago, an address (0x533…Bf48) that acquired ETH at a cost of $10.37 in 2016 deposited its final 5,082 ETH to Coinbase, valued at $10.27 million. If all are sold, the profit would amount to $10.215 million, yielding a return of 19,383%. The funds in this address originated from another address (0x288…6279), which withdrew a total of 23,300.79 ETH from Kraken in October 2016 at a total cost of $241,000.
ETH OG deposits 5,082 ETH on Coinbase with an 8-year holding period, at a cost basis of $10.37 per ETH
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Summary
ETH news: A long-term ETH holder who purchased ETH in 2016 at $10.37 per ETH has deposited 5,082 ETH ($10.27 million) into Coinbase. The funds originated from an address that withdrew 23,300.79 ETH from Kraken in October 2016 for $241,000. If sold, this deposit would generate a $10.215 million profit, representing a 19,383% return. ETH update: The receiving address is 0x533…Bf48, funded by 0x288…6279.
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