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A whale/institution holding ETH for 8 years deposited 34,000 ETH into Coinbase 5 hours ago

2025-03-21 09:08

BlockBeats News, March 21st, according to on-chain data analyst Yujin Monitoring, a whale/institution holding ETH for up to 8 years, transferred 34,000 ETH (approximately $67.18 million) to Coinbase 5 hours ago, gaining 44 times the return on ETH (approximately $65.68 million).


The whale/institution received and accumulated these 34,000 ETH through platforms like Bitfinex in March 2017 when the price of ETH was only $44, with a total value of $1.5 million.


He/They accumulated ETH just before the rise of ETH that year, and in the following months, the price of ETH surged from double digits to over $1,000.

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