On-chain analyst Ai Yi said two addresses believed to belong to the same whale entity moved their entire ETH holdings to an exchange five hours ago. The wallets had withdrawn 33,180.48 ETH from Bitfinex in November 2023 at an average price of $2,002.75 and continued to hold the position afterward. During that holding period, the unrealized profit at its peak reached $89.145 million. The latest transfer was made at a deposit price of $2,620. If the ETH is sold at that level, the estimated profit would be $20.481 million. The update points to a full exchange deposit of the whale’s previously accumulated position, based on Ai Yi’s monitoring.
According to Odaily, on-chain analyst Ai Yi said two addresses believed to be tied to the same whale entity deposited their full ETH holdings into an exchange five hours ago.
The two wallets had withdrawn 33,180.48 ETH from Bitfinex in November 2023 at an average price of $2,002.75 and kept holding the position afterward. Ai Yi said the unrealized profit on the holdings once peaked at $89.145 million. The latest exchange deposit was made at a price of $2,620. If the ETH is sold at that level, the estimated profit would be $20.481 million.
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