8-Year-Old Wallet Surges with 680 ETH Deposit to Binance: A Look at the Profits of Ethereum Holdings

In a recent development reported by COINOTAG, an 8-year-old cryptocurrency wallet has made a significant move, depositing 680 ETH—valued at approximately $2.5 million—into Binance. Historical data from OnchainDataNerd indicates that this wallet, which initially acquired 10,678 ETH at an average cost of $49.57, stands to generate a remarkable profit of around $2.46 million if these holdings are liquidated. As of now, the wallet retains 3,228 ETH, translating to a worth of about $11.88 million, and showcasing an impressive unrealized profit of nearly $11.78 million. This transaction highlights ongoing investor confidence and market dynamics within the cryptocurrency ecosystem. Monitoring such large movements can offer insights into market trends and investor strategies.