On-chain analyst Ai Yi said wallet "0x08E…03e6b" moved 1,250 ETH to MAX Exchange about two hours before the report, ending a long period of inactivity. The address had originally received 1,500 ETH in September 2021, when Ether was priced at $3,159.27, and had not transferred or sold the holdings during that time.
Based on the figures cited in the report, the latest deposit was worth about $3.14 million. If the deposited ETH was sold after reaching the exchange, the position would represent a loss of more than 20% from the original price level. The report did not say whether the tokens had already been sold, only that they were transferred to the exchange.
The move was flagged by Ai Yi and cited by Odaily as a possible reduction in holdings from a wallet that had remained dormant for roughly four years.
Odaily said on-chain analyst Ai Yi tracked movement from wallet "0x08E…03e6b," which sent 1,250 ETH to MAX Exchange roughly two hours before the report.
The address had received 1,500 ETH in September 2021, when ETH traded at $3,159.27. And during that stretch, the report says, the wallet never moved or sold the holdings. On the numbers given, the latest deposit was valued at about $3.14 million. If that ETH was sold, the position would be sitting on a loss of more than 20%.
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