On-chain analyst Ember said whale wallet pinosaur.eth fully exited a long-held Ether position about six hours before the report, moving 9,618 ETH worth roughly $24.58 million to Kraken. The position had reportedly been held for as long as nine years and generated a profit of $24.21 million, equal to a 65x return based on the figures cited in the report.
The wallet’s Ether holdings can be traced back to April 2017, when 7,459 ETH was withdrawn from Bitfinex. At that time, ETH was priced at just $50, according to the source material. The transfer to Kraken marks the apparent closing trade for that long-dormant position.
The report attributes the monitoring data to on-chain analyst Ember and does not provide additional details beyond the exchange transfer, the amount moved, the historical withdrawal, and the estimated profit and return multiple.
Whale wallet pinosaur.eth sold out of a 9,618 ETH position that had been held for as long as nine years, booking a reported profit of $24.21 million, according to on-chain analyst Ember.
Ember said the wallet moved 9,618 ETH, valued at about $24.58 million in the report, to Kraken around six hours earlier. The analyst said the trade closed out the whale’s entire ETH position.
The holdings can be traced back to a withdrawal of 7,459 ETH from Bitfinex in April 2017. ETH was priced at $50 at the time, based on the source material.
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