An institution has transferred a total of 109,806 ETH to a CEX, with a value of $266 million.

BlockBeats News, September 2nd - According to EmberCN, as of 2 hours ago, an institution has successively transferred 109,806 ETH ($266 million) to a CEX within 3 days, at an average price of $2,430 per ETH.

The remaining balance in the address is 58,048 ETH ($140 million). They plan to sell a total of 167,854 ETH ($406 million). If all sold, based on their accumulation cost of $1,700 two years ago, they will make a profit of $1.22 billion.