Ethereum Whale Begins Liquidating Part of 16,636 ETH Holdings

An investor who acquired 16,636 ETH in February 2016 for $87,135 has begun to partially realise profits.

一个在 2016 年 2 月以 $5.23 的单价从 @ShapeShift 接收到 16,636 枚 ETH 的远古鲸鱼，时隔 8 年半后开始出售这些 ETH。

他在收到这些 ETH 后一直持有，直到 4 小时前将这 16,636 ETH ($39.62M) 转移到 0xe3e…566 地址，然后以 $2,340 的价格出售了 350 枚 ETH。
他当时收到这 16,636 枚 ETH… pic.twitter.com/F0uljalb7l

— 余烬 (@EmberCN) September 16, 2024

According to EmberCN, the trader acquired the assets approximately eight and a half years ago via the ShapeShift platform at $5.23 per coin.

At the time of writing, his holdings are valued at approximately $38.2 million, representing a 446-fold “paper” profit.

On the night of September 16, the user began selling assets. According to on-chain data, he exchanged about 525 ETH in several hours, in six batches of 87.5 ETH each. The investor received a total of ~$1.23 million ($2342 per coin).

The whale commenced transactions alongside a decline in Ethereum’s price. Over the past 24 hours, the second-largest cryptocurrency by market capitalisation fell from $2400 to $2280, a drop of 5.5%.

Additionally, the ETH/BTC pair reached a 3.5-year low, falling below 0.04 BTC. Since the activation of the The Merge update in September 2022, the decline has been 53%.

Back in July, a whale who purchased 1 million ETH during the ICO began transferring assets to OKX. Over a month, he sent 48,500 ETH to the platform at an average price of $3176.

In April, an early Ethereum investor moved 1069 ETH to the Kraken exchange.