Large cryptocurrency holder suddenly moves $ 150 million into Ethereum

A cryptocurrency whale that bought $ 151.42 million in Ethereum (ETH) at the bottom of the market cycle in September 2022 suddenly moved its funds. This became known from the data of the digital asset tracker Lookonchain.

The investor withdrew 96,638 ETH from Coinbase at an average price of $ 1567 between September 3 and 7, 2022. In early March, the trader deposited 15,000 ETH worth about $ 57.3 million with Kraken, and on Tuesday, he sent another 5,000 ETH worth $ 15.4 million to the exchange.

The whale still has 76,638 ETH in its wallet, worth about $ 230.5 million. Between the realized and unrealized profits, the trader earned almost $ 152 million on the initial $ 151.42 million ETH investment.

Lookonchain also notes that Tron (TRX) founder Justin Sun withdrew 196 million USDT of the most popular stablecoin from the HTX cryptocurrency exchange on Tuesday and deposited them in Binance.

Just a few days ago, Whale Alert, which analyzes transactions in various blockchains, disseminated information about a major cryptocurrency owner who suddenly moved bitcoins after 14 years of inactivity. The whale’s wallet was activated after the BTC’s fall on Saturday.