ChainCatcher reported that on-chain analyst Ember monitored an OG whale address, pinosaur.eth (0x0F8...605A), moving 9,618 ETH to Kraken about six hours earlier and fully exiting the position. The tokens were valued at $24.58 million based on the figures cited in the report. Ember said the sale generated a profit of $24.21 million, representing a 65x return. The address’s ETH holdings can be traced back to a withdrawal of 7,459 ETH from Bitfinex in April 2017, when ETH was priced at $50. The report frames the move as the liquidation of coins that had been held for nine years.
ChainCatcher reported that on-chain analyst Ember tracked an OG whale, pinosaur.eth (0x0F8...605A), moving 9,618 ETH to Kraken about six hours earlier and fully closing the position. The holdings were valued at $24.58 million, according to the figures in the report.
Ember said the transaction produced a profit of $24.21 million, with a 65x return.
The address’s ETH can be traced back to a withdrawal of 7,459 ETH from Bitfinex in April 2017, when ETH was trading at $50.
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