As of this morning, 2 hours ago, this institution has

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As of this morning, 2 hours ago, this institution has transferred a total of 109,806 ETH (=$266 million) from the past 3 days to CEX in batches, at an average price of $2,430.

There are currently 58,048 ETH (=$140 million) left in the address, meaning they plan to sell a total of 167,854 ETH (=$406 million).
If they sell everything, based on their accumulation cost from 2 years ago at $1,700, they can generate a profit of $122 million.

Addresses:
0x2Ea212A3b33DA76c182A512385694A4111ac5d91
0xF62621Ac60fA71e2D6A99C085Df22082F7C03a45
0xAeCd42678F55C4A1F2E10Bcf79B8f43b357B4CfD

余烬Ember

It seems to be an institution that is executing the sale of about 154,300 ETH (about $378 million)?!

◎ From yesterday until just now—over more than a day—they gradually transferred 52,739 ETH (about $129 million) into 6 CEXs such as Binance and OKX. Meanwhile, there are still 101,561 ETH (about $249 million) in the address.

◎ Sources of these ETH: Withdrawn from Coinbase between 2021 and 2022 at around $1,700 → then deposited into Ethereum staking in 2023 → redeemed from staking in last January → and finally, in the past two days, consolidated into 2 wallets and then gradually transferred into multiple CEXs.

Address:
0x2Ea212A3b33DA76c182A512385694A4111ac5d91
0xF62621Ac60fA71e2D6A99C085Df22082F7C03a45

Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.

ETH-1.58%