ETH Whale Who Previously Netted $12.78M Deposits 1,000 ETH to Exchange at $1,582 — $2.43M Potential Realized Profit, $12.16M Still Unrealized
ETH/USDT
$37,814,667,039.40
$2,396.62 / $2,157.14
Change: $239.48 (11.10%)
-0.0141%
Shorts pay
COINOTAG reported on September 27, citing AI Monitor, that an Ethereum whale who earlier realized a $12.78 million profit on ETH deposited 1,000 ETH (about $4.01 million) to an exchange five hours prior, after establishing the position five months earlier; the wallet had previously bottomed at $1,582.
The on-chain transfer implies a potential realized profit of approximately $2.426 million should those 1,000 ETH be sold, while the remaining 5,000 ETH in the portfolio continues to show an unrealized gain near $12.16 million, based on current market prices.
On April 18 the same address withdrew 6,000 ETH from Kraken and has otherwise maintained its holdings during this interval; the recent deposit increases exchange-held ETH by the reported 1,000 ETH amount.