In 2016, the whale address that built a large-scale ETH position transferred 8,600 ETH to Coinbase.
According to the blockchain data analyst @ai_9684xtpa, a whale/institutional address that massively built up ETH in 2016 transferred 8,600 ETH (about $21.36 million) to Coinbase 20 minutes ago. If all were sold, it would earn a profit of $21.25 million. It is reported that the address transferred 172,707 ETH from Poloniex seven years ago (July-August 2016), with an average cost of $12.83. Before the transfer, it still held 47,017 tokens, with a total profit of $116 million. Since 2024, the address has accumulated 13,200 ETH worth $31.47 million by depositing to Coinbase.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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