ChainCatcher reported, citing on-chain analyst Ember, that a whale that accumulated 9,891 ETH on Binance in 2024 at an average price of about $3,011 has moved 5,000 ETH back to Binance after holding the position for two years. The transfer was detected about one hour before the report and was valued at roughly $9.42 million at the time. Based on the whale’s accumulation cost and a current ETH price of about $1,885, the position is sitting on an unrealized loss of about $5.63 million. The report did not identify the wallet owner, but the transaction adds to recent whale activity being tracked on-chain around Ethereum flows to exchanges.
ChainCatcher, citing on-chain analyst Ember, reported that a whale accumulated 9,891 ETH on Binance in 2024 at an average price of about $3,011.
After holding the position for two years, the whale transferred 5,000 ETH to Binance about one hour before the report. The transferred amount was valued at roughly $9.42 million.
Using the accumulation price of about $3,011 and a current ETH price of about $1,885, the position is now showing a loss of about $5.63 million.
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