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

BlockBeats News, January 10th, according to on-chain data analyst Evan Jing, a whale/institution holding 101,000 ETH for 5 years with an average cost of only $660, transferred 40,251 ETH (approximately $124 million) to the Bitstamp exchange in the past day, with the most recent transfer of 26,000 ETH (approximately $80.16 million) to Bitstamp happening just 1 hour ago.

It is reported that the whale/institution accumulated 101,000 ETH 5 years ago through Binance and Bitstamp at an average price of $660. Currently, 75,200 ETH (approximately $254 million) of these ETH have been transferred to exchanges at an average price of $3,383. This means that this portion of ETH has realized a profit of $204.9 million. The whale/institution still holds 26,000 ETH (approximately $80.16 million).