Ethereum Whale Sells All $ETH After 3 Years of Holding, Reaping Massive Profits
The whale earned a total profit of $130 million.
The buying and selling process unfolded as follows:
In September 2022, the whale withdrew 120,874 ETH from Kraken to hold, when ETH was priced at $1,645 per coin — totaling approximately $199 million.
From May 2024 until now, they gradually sold off this ETH in six separate transactions on Kraken, at an average selling price of $2,732 per ETH.
Recently, they sold the final 30,874 $ETH, worth around $77.7 million, thereby fully realizing their profits.
