Onchain Lens monitoring shows that an anonymous crypto whale deposited 9,000 ETH into the major exchange Bitfinex in early June after holding the asset for a full five years. At the time of transfer, these ETH were worth approximately $17.86 million, yielding the whale a handsome $14.37 million profit on this move alone.
Tracing the address's history, it originally withdrew 10,000 ETH around 2021 (roughly five years ago) when the total value was just $4.63 million, implying an average cost near $463 per ETH. After the extended hold, the whale partly reduced the position earlier: 1,000 ETH were moved through the decentralized mixer TornadoCash, sold for $1.147 million, and those proceeds were deposited to Kraken. Now, with the remaining 9,000 ETH transferred to Bitfinex, the profit represents nearly three times the initial total investment.