After Holding for Four and a Half Years, Whale Cashes Out 8,250 ETH, Realizing $4.58 Million in Profits

TechFlow reports that on September 23, on-chain analyst Ember (@EmberCN) noted that a whale/institution holding assets for over four and a half years transferred all 8,250 ETH to the Coinhako exchange one hour ago to realize profits. The address established its position in early 2022 via Binance withdrawals and on-chain purchases at an average cost of approximately $2,202, selling all holdings today at $2,758. This transaction yielded a profit of roughly $4.58 million during the holding period, representing an approximate 25% increase.