TechFlow, May 13 — According to monitoring by analyst Yujing, an address transferred the remaining 30,874 ETH (approximately $77.71 million) to Kraken within 20 minutes, completing its liquidation. This address had withdrawn and accumulated a total of 120,874 ETH from Kraken in September 2022 at a cost basis of about $1,647 per ETH. Since May last year, it has sold in six batches at an average price of $2,732, over a period of roughly two and a half years, realizing cumulative profits of approximately $131 million.
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