At a cost of $1.5 each, 7,507 ETH moved into an exchange overnight
A wallet (0x8729…) transferred about 7,507.52 $ETH to another exchange over roughly two hours early this morning. Based on the prices when deposited, that’s worth about $15.95 million. These coins can be traced back as far as August 2015, when ETH was about $1.50 each.
From August 14 to 19, 2015, three early wallets withdrew about 37,064 ETH from an exchange platform. After changing hands several times, the funds were consolidated at the current address at the end of 2021. About 40,760 ETH was transferred in then, including roughly 3,700 ETH withdrawn from elsewhere in 2016. So the current balance can’t be calculated by simply subtracting the outflows from 37,000.
From September 29 to October 1, the wallet first transferred 4,656 ETH to another exchange, then sent another 7,507.52 ETH early this morning, bringing the total to about 12,163.52 ETH. Based on the prices when deposited, that’s worth about $28.52 million, at an average price of about $2,344. Transferring funds to an exchange doesn’t mean they’ve been sold. If they were sold, today’s 7,507.52 ETH alone would bring a profit of about $15.94 million compared with the cost of roughly $1.50 per ETH.
At the time of posting, about 28,596 $ETH remained. At roughly $2,112, based on Binance’s ETHUSDT perpetual contract, that’s worth about $60.39 million. Over the past 24 hours, the price is up about 0.09%, with trading volume of about 6.259 billion U. No new outflows had been spotted by the time of posting.
Keep an eye on short-term selling pressure, but a transfer to an exchange doesn’t mean a sale has already gone through.
For beginners: observe more and trade less. If you buy crypto, buy only $BTC .
A wallet (0x8729…) transferred about 7,507.52 $ETH to another exchange over roughly two hours early this morning. Based on the prices when deposited, that’s worth about $15.95 million. These coins can be traced back as far as August 2015, when ETH was about $1.50 each.
From August 14 to 19, 2015, three early wallets withdrew about 37,064 ETH from an exchange platform. After changing hands several times, the funds were consolidated at the current address at the end of 2021. About 40,760 ETH was transferred in then, including roughly 3,700 ETH withdrawn from elsewhere in 2016. So the current balance can’t be calculated by simply subtracting the outflows from 37,000.
From September 29 to October 1, the wallet first transferred 4,656 ETH to another exchange, then sent another 7,507.52 ETH early this morning, bringing the total to about 12,163.52 ETH. Based on the prices when deposited, that’s worth about $28.52 million, at an average price of about $2,344. Transferring funds to an exchange doesn’t mean they’ve been sold. If they were sold, today’s 7,507.52 ETH alone would bring a profit of about $15.94 million compared with the cost of roughly $1.50 per ETH.
At the time of posting, about 28,596 $ETH remained. At roughly $2,112, based on Binance’s ETHUSDT perpetual contract, that’s worth about $60.39 million. Over the past 24 hours, the price is up about 0.09%, with trading volume of about 6.259 billion U. No new outflows had been spotted by the time of posting.
Keep an eye on short-term selling pressure, but a transfer to an exchange doesn’t mean a sale has already gone through.
For beginners: observe more and trade less. If you buy crypto, buy only $BTC .
