"Ethereum whale sells 3,280 ETH after 8 years of holding... Return rate at 28,000%"
Minseung Kang
Summary
- The whale who held Ethereum (ETH) for 8 years reportedly sold 3,280 ETH recently.
- The return rate at the time of sale was said to be around 288-fold (28,000%).
- This sale was made when the ETH price was $4,079.
A whale wallet that held Ethereum (ETH) for 8 years reportedly started to realize large-scale profits recently.
On the 9th, on-chain analyst EmberCN, citing Arkham Intelligence data, announced, "A whale wallet address sold 3,280 ETH (about $13.38 million) two hours ago. The total return is about 288-fold."
This wallet withdrew and stored 3,865 ETH from the Kraken exchange in early 2017, with the purchase price known to be about $13 per ETH and a total of about $50,000 at the time.
Additionally, this whale gradually disposed of 565 ETH during the holding period, but kept the majority for the full 8 years. This sale took place when ETH was priced at $4,079.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.![[Exclusive] FSS to examine ZKsync coin that surged '1,000%' in three hours](https://media.bloomingbit.io/PROD/news/1da9856b-df8a-4ffc-83b8-587621c4af9f.webp?w=250)
