A whale, who bought 47,260 ETH at an average of $240 in 2017, moved his assets to the Kraken exchange five years later.
These days, when the bull’s influence is fully felt in the crypto market, the transaction made by an Ether whale attracted attention. On-chain data analyst Lookonchain stated that a whale accumulating ETH with an average of $240 was active again after exactly five years.
Whale purchased 47,260 ETH at $240 between June and August of 2017. The cost of the whale was $11.34 million. The whale made a profit of $78 million as a reward for keeping ETHs in his wallet for five years. Lookonchain stated that the whale, which made a big profit, moved ETHs to the Kraken exchange.
He was patient for five years: He made a profit of 78 million dollars!
Lookonchain stated that a large Ether (ETH) whale woke up from its slumber after five years. Whale attracted attention by purchasing ETH at $240 in 2017.
An early $ETH whale appears to be selling ETH again after being dormant for 5 years.
The whale deposited all 39,260 $ETH($87.5M) to #Kraken 30 mins ago.
The whale received 47,260 $ETH($11.34M) at ~$240 from June to August 2017.
If sold the whale would make a profit of ~$78M. pic.twitter.com/v0PI4LNTKO
— Lookonchain (@lookonchain) December 5, 2023
The whale, which purchased 47,260 ETH exactly 2228 days ago, paid 11.34 million dollars. This whale will earn $78 million if he sells his assets. The remarkable action of the whale took place hours ago. Whale sent his 8,000 ETH to the Cumberland OTC wallet. The whale moved the remaining 39,260 ETH to Kraken, strengthening the possibility of a possible profit sale.
ETH came to the fore with a major bull run. The price of ETH has fluctuated between $2,253 and $2,198 in the last 24 hours. The market value of the popular cryptocurrency reached 265 billion dollars.
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