TechFlow news, on November 7, according to Spot On Chain monitoring, two long-term ETH holders collectively sold 33,701 ETH (worth $89.72 million) during the ETH price surge:
1. Ethereum ICO whale 0xB8c deposited 25,000 ETH (worth $65.67 million) into Kraken at approximately $2,627 per ETH, leaving a remaining balance of 64,450 ETH (worth $181.2 million);
2. Whale 0x0c1, which had been dormant for 8.75 years, was activated and sold 8,701 ETH at around $2,764 each, receiving 24.05 million USDC. The wallet now holds 2,304 ETH (worth $6.48 million), realizing a profit of $30.48 million (a 689x return).
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