Data: A whale/institution holding ETH for 8 years deposited 34,000 ETH into Coinbase 5 hours ago
ChainCatcher news, according to on-chain data analyst Yu Jin's monitoring, a whale/institution that has held ETH for 8 years transferred 34,000 ETH (approximately 67.18 million USD) to Coinbase 5 hours ago, realizing a 44x (approximately 65.68 million USD) profit on ETH.
This whale/institution received and accumulated these 34,000 ETH through platforms like Bitfinex in March 2017, when the price of ETH was only 44 USD, with a total value of 1.5 million USD. Their accumulation of ETH coincided with the rise of ETH that year, which subsequently increased from double digits to over 1,000 USD in the following months.
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