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A whale/institution that has been holding 101,000 ETH for five years transferred 40,000 ETH to a CEX in the last day and still holds 26,000 ETH

19 hours ago

Jan 10 – On-chain data analyst Evan Jing reports that a whale/institution holding 101,000 ETH for 5 years (average cost: just $660) transferred 40,251 ETH (~$124M) to the Bitstamp exchange in the past 24 hours. Notably, the latest transfer of 26,000 ETH (~$80.16M) to Bitstamp occurred just 1 hour ago. Per the report, the entity accumulated the 101,000 ETH 5 years ago via Binance and Bitstamp at an average price of $660. To date, 75,200 ETH (~$254M) from this holding have been moved to exchanges, with an average realized price of $3,383 – translating to a $204.9M profit on the sold portion. The whale/institution still holds 26,000 ETH (~$80.16M).
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