A whale that accumulated 130,591 ETH in 2023 appears to be exiting its position, according to on-chain analyst @ai_9684xtpa, cited by ChainCatcher. The analyst said the entity transferred another 16,919 ETH to a trading platform three hours ago, with the latest batch valued at about $45.85 million.
Over the past week, the whale has moved a cumulative 128,972.05 ETH to trading platforms. Based on an average transfer price of $2,680.31, those transfers were worth roughly $345 million. If all of the transferred ETH has been sold, the whale is estimated to have realized about $84.31 million in profit.
The analyst added that after the latest transfer, the entity's on-chain ETH balance has been reduced to zero. The activity suggests the whale may have completed a full liquidation of its Ethereum holdings.
A whale that accumulated 130,591 ETH in 2023 appears to be exiting the position, according to on-chain analyst @ai_9684xtpa, as cited by ChainCatcher.
128,972.05 ETH moved to trading platforms over the past week
The entity transferred another 16,919 ETH to a trading platform three hours ago, with that batch valued at about $45.85 million.
Over the past week, the whale moved a total of 128,972.05 ETH to trading platforms. At an average transfer price of $2,680.31, the transferred ETH was worth about $345 million.
On-chain ETH balance now stands at zero
If all of the transferred ETH has been sold, the whale is estimated to have made about $84.31 million in profit. After the latest transfer, the entity's on-chain ETH balance had been cleared out.
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