Dormant Ethereum Whale Sells 1,100 ETH After 7 Years, Realizes $41 Million Gain
Suehyeon Lee
Summary
- A whale address dormant for about seven years sold 1,100 Ethereum (ETH) and raised about 1.9 million USDS, realizing an estimated $41 million profit.
- The investor bought a total of 27,586.48 ETH for about $5.72 million, implying an average purchase price of about $207 per Ether.
- The address still holds 26,486.48 ETH, worth about $44.86 million at current prices, and the remaining holdings could be sold through CoWSwap.
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A long-dormant Ethereum whale has started selling its holdings, on-chain data showed.
On-chain analytics platform Onchain Lens said on June 23 that a whale address inactive for about seven years has sold 1,100 ETH so far, raising about 1.9 million USDS. The sales generated an estimated $41 million profit.
The investor originally bought 27,586.48 ETH for about $5.72 million, implying an average purchase price of about $207 per Ether.
The address still holds 26,486.48 ETH, worth about $44.86 million at current prices. Onchain Lens said the remaining tokens could be sold through decentralized trading protocol CoWSwap.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
