TechFlow news, October 6 — According to on-chain analyst Ai Yi (@ai_9684xtpa), a whale address that accumulated 4,652 ETH four years ago has recently started reducing its holdings.
The address 0xeA4...592F1 withdrew ETH from Kraken at an average price of $2,142 on April 13, 2021. Since then, it had not transferred or sold any ETH, except for a small deposit into ChangeNOW in August 2021. Two weeks ago, the address allegedly sold 2,250 ETH, and one hour ago, it deposited another 1,000 ETH to an exchange. If all of these are sold, it would realize a profit of $7.644 million.
The address currently still holds 1,281 ETH, with an unrealized profit of $3.036 million.
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