An entity that accumulated 130,591 ETH in 2023 appears to have nearly or fully exited its position, according to on-chain monitoring shared by Ai Yi and cited by BlockBeats on Sept. 27. The wallet transferred another 16,919 ETH to a trading platform three hours before the report, with the latest tranche valued at about $45.85 million. Over the past week, the same entity moved a total of 128,972.05 ETH to the platform.
Using an average transfer price of $2,680.31, the weekly transfers were worth about $345 million. If all of the transferred ETH has been sold, the entity is estimated to have realized a profit of roughly $84.31 million. The report also said the wallet’s on-chain ETH balance had been emptied after the latest transaction.
The update did not identify the entity behind the address. The observation was presented as a suspected liquidation based on transfer activity to a trading platform.
An entity that built a 130,591 ETH position in 2023 appears to be exiting that holding, according to Ai Yi’s on-chain monitoring cited by BlockBeats on Sept. 27.
Three hours before the report, the entity transferred another 16,919 ETH to a trading platform, worth about $45.85 million. Over the past week, it moved a cumulative 128,972.05 ETH to the platform. Based on an average transfer price of $2,680.31, those transfers were valued at about $345 million.
If all of the ETH mentioned above has been sold, the entity is estimated to have made a profit of about $84.31 million. After the latest transfer was completed, the wallet’s on-chain ETH balance had been reduced to zero.
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