ETH Whale Sells 1,427 ETH to Binance After 4-Year 74.4% Drawdown, Nets $501K Profit
ETH/USDT
$39,049,302,904.94
$2,145.26 / $2,009.54
Change: $135.72 (6.75%)
-0.0018%
Shorts pay
COINOTAG News reported on September 16 that an ETH whale which amassed tokens during the 2021–22 peak has moved assets to exchange custody. The on-chain analyst Ai Yi (@ai_9684xtpa) flagged a deposit to Binance, a flow monitored closely by market participants and liquidity analysts.
Chain records indicate the address accumulated roughly 1337 ETH between October 2021 and February 2022 at an average cost near $4,141. Four years later the wallet transferred about 1427 ETH, valued at approximately $6.44 million at the time of the on-chain deposit to the exchange.
Assuming a sale at prevailing spot levels, the position would imply an estimated gross gain of around $501,000, before fees and slippage. Market participants should interpret on-chain exchange inflows as potential intent signals rather than confirmed executed trades and factor in execution risk and liquidity conditions.