An Ethereum whale or institutional address that had held ETH for three years continued taking profit 9 hours ago, according to on-chain analyst Ember. The address moved another 30,825 ETH, worth about $83.03 million. Over the past week, the same address has transferred a total of 112,053 ETH to Bitfinex, with the tokens valued at roughly $300 million. Ember said the average transfer price was $2,676 per ETH, and the realized profit from those moves was about $72.83 million. The activity points to continued profit-taking by a long-term holder, with Bitfinex serving as the destination exchange for the transfers tracked during the past week.
An Ethereum whale or institutional address that had held ETH for three years moved another 30,825 ETH to take profit 9 hours ago, according to on-chain analyst Ember. The transfer was worth about $83.03 million.
Over the past week, the address has sent a total of 112,053 ETH to Bitfinex, valued at about $300 million. Ember said the average transfer price was $2,676, with realized profit reaching about $72.83 million.
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