Ethereum whale earned $ 146 million in 2 years

A cryptocurrency investor, an anonymous ETH whale, has completed the withdrawal of 96,638.9 ETH purchased on Coinbase in 2022. The total value of the assets withdrawn in a series of transactions exceeds $ 374.87 million. According to Arkham, the last transfer of 11,638.9 ETH took place on December 9 to the Kraken exchange.

The whale acquired the coins at an average price of $ 1567 and gradually withdrew assets in 2024 at an average price of $ 3078 per ETH. The expected profit was about $ 146 million, which is equivalent to 96% of the initial investment.

At the time of writing, the price of Ethereum ETH $3,869.88 Bridged Ether (StarkGate) -4.06% Market capitalization $0.34 billion VOL. 24 hours $1.92 billion was $ 3880, and its capitalization was $ 468 billion. The activity of large ETH holders has recently increased, with one of them starting to sell coins after eight years of inactivity, which coincided with the price rising to $ 2800.

Experts believe that Ethereum has the potential to set a new historical high. The previous record of $ 4878 was set on November 10, 2021.