In 2016, the whale address that had accumulated a large amount of ETH transferred 8,600 ETH to Coinbase.

BlockBeats reported on January 20th that, according to on-chain data analyst @ai_9684xtpa, a whale/institutional address that heavily accumulated ETH in 2016 transferred 8,600 ETH (approximately $21.36 million) to Coinbase 20 minutes ago. If all of the ETH is sold, the profit will be $21.25 million. It is reported that the address transferred 172,707 ETH from Poloniex seven years ago (July-August 2016), with an average cost of $12.83. Prior to the transfer, the address still held 47,017 tokens, with a total unrealized profit of $116 million. Since 2024, the address has accumulated 13,200 ETH, worth $31.47 million, deposited into Coinbase.