Institution Transfers 109,806 ETH to CEX, Plans to Sell 167,854 ETH for $122M Profit

Institution Transfers 109,806 ETH to CEX, Plans to Sell 167,854 ETH for $122M Profit

N
News Editor
2026-09-02 00:44:28
According to EmberCN monitoring, an institution has transferred 109,806 ETH ($266 million) to a centralized exchange over three days, with an average transfer price of $2,430. The address still holds 58,048 ETH ($140 million). The institution plans to sell a total of 167,854 ETH ($406 million). If all sold, based on its accumulation cost of $1,700 two years ago, it would realize a profit of $122 million.

According to BlockBeats, on September 2, EmberCN monitored that an institution has transferred 109,806 ETH (worth $266 million) to a centralized exchange over the past three days, with an average transfer price of $2,430. The address still holds 58,048 ETH ($140 million). The institution plans to sell a total of 167,854 ETH ($406 million). If all are sold, based on its accumulation cost of $1,700 two years ago, it would realize a profit of $122 million.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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