$ETH
Ethereum OG Whale Exits With 344% Gain
Blockchain analytics firm Lookonchain reported that the investor accumulated 154,076 ETH at an average price of $517. Since late last week, the wallet began transferring ETH to Bitstamp, a centralized cryptocurrency exchange.
“Over the past 2 days, he deposited another 40,251 ETH ($124 million) into Bitstamp and still holds 26,000 ETH ($80.15 million),” Lookonchain posted on January 10.
Several hours ago, the investor moved the final 26,000 ETH to the exchange. According to Lookonchain, the investor has made an estimated total profit of around $274 million, representing a gain of approximately 344%.
These latest transfers follow a pattern of gradual deposits that began much earlier. Arkham data indicates that the investor initially sent a total of 137 ETH to Bitstamp approximately eight months ago.
This was followed by a transfer of 17,000 ETH three months ago and another 18,000 ETH roughly one month ago, suggesting a long-term, staged exit strategy rather than a single $ETH sell-off.
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