“An investor who bought 16,636 ETH for $87,135 in February 2016 started to partially lock in profits. 一名在2016年2月以$5.23的单上从@ShapeShift receive 16,636 枚 ETH的远古鲴鱼，时间8年半后start selling these ETH. He will hold these ETH after receiving them，until 4小小前将连16,636 ETH ($39.62M) Transferred to 0xe3e…566 addresses, then sold 350 ETH at $2,340 price. He received 16,636 ETH at that time… pic.twitter.com/F0uljalb7l — 余厒 (@EmberCN) September […]”, — write: businessua.com.ua
An investor who bought 16,636 ETH for $87,135 in February 2016 started to partially lock in profits.
一个在2016年2月以$5.23的单了从 @ShapeShift receive to 16,636 枚ETH的远古鲴鱼，时销8 After half a year, I started selling these ETH.
He received these ETHs and held them until 4 hours ago. He had 16,636 ETH ($39.62M) transferred to 0xe3e…566 addresses, and then sold 350 ETH at a price of $2,340.
I received 16,636 ETH at that time… pic.twitter.com/F0uljalb7l— Ember (@EmberCN) September 16, 2024
According to EmberCN, about eight and a half years ago, a trader purchased assets through the ShapeShift platform at $5.23 per coin.
At the time of writing, his accumulations are estimated at approximately $38.2 million — 446 times “paper” profit.
On the night of September 16, the user started selling assets. According to onchain data, he exchanged about 525 ETH in six batches of 87.5 ETH in a few hours. For them, the investor received a total of ~$1.23 million ($2342 per coin).
The whale began to conduct operations in parallel with the fall in the price of Ethereum. Over the past day, the second largest cryptocurrency fell from $2,400 to $2,280 — by 5.5%.
Additionally, the ETH/BTC pair hit a 3.5-year low below 0.04 BTC. Since the activation of The Merge update in September 2022, the drawdown has been 53%.
Binance Weekly ETH/BTC Chart. Source: TradingView.
We will remind, in July, the whale, which bought 1 million ETH during the ICO, began to transfer assets to OKX. During the month, he sent 48,500 ETH to the platform at an average price of $3,176
In April, an early Ethereum investor moved 1,069 ETH to the Kraken exchange.
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