Whale holding ETH for over 3 years deposits 21,000 ETH into CEX, likely for partial profit-taking
1 hours ago
According to EmberCN’s monitoring, a whale or institutional entity withdrew and hoarded 112,066 ETH from Bitfinex three years ago. At that time, ETH traded at around $2,030, resulting in a total holding cost of approximately $227 million. With ETH recently breaking above $2,600, the entity’s cumulative unrealized profit once hit roughly $66.45 million, a return of about 29%. About two hours ago, the entity transferred 21,229 ETH (valued at approximately $55.93 million) held in one of its addresses to Bitfinex, likely executing a partial profit-taking operation.
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