"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.
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