Ethereum Whale Averaged at $3,912 Transfers 3,711 ETH to Binance — Potential $1.42M Profit, 3,000 ETH Remaining
ETH whale reduced holdings: An on-chain whale who averaged ETH at $3,912 two years ago moved 3,711 ETH to Binance at $4,294 (~$15.93M), potentially realizing about $1.417M if sold; the wallet still holds 3,000 ETH with an unrealized gain near $1.13M.
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Whale transferred 3,711 ETH to Binance at $4,294 (≈$15.93M)
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If sold, the transfer could net ~ $1.417M in realized profit; wallet still retains 3,000 ETH.
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Average buy price two years ago: $3,912; current unrealized gain on remaining holdings ≈ $1.13M.
ETH whale reduced holdings: Whale moved 3,711 ETH to Binance at $4,294 (~$15.93M); wallet still holds 3,000 ETH with $1.13M unrealized gain — read analysis.
What happened when the ETH whale reduced holdings?
On September 7, COINOTAG News reported that on-chain analyst AI Auntie (@ai_9684xtpa) observed a whale who accumulated ETH at an average price of $3,912 two years ago move 3,711 ETH to Binance at $4,294. The on-chain transfer equates to roughly $15.93 million; if executed as a sale it would realize approximately $1.417 million in profit.
How many ETH remain in the whale wallet and what is the unrealized gain?
The wallet still holds 3,000 ETH, which at the transfer price represents an unrealized gain of about $1.13 million. These figures are based on the reported average acquisition price of $3,912 and the observed transfer price of $4,294.
Why does this transfer matter for market observers?
Large transfers to exchanges often signal potential selling intent and can increase short-term sell-side pressure. However, not all exchange transfers result in immediate market sales—some transfers are for custody, OTC settlement, or internal exchange routing. On-chain monitoring provides transparency but not definitive intent.
How could this transfer affect short-term ETH liquidity?
Moving 3,711 ETH to a major exchange temporarily increases available exchange-side supply. If executed as market sells, the order flow could widen spreads and apply downward pressure on price. Conversely, if withheld or offloaded via limit orders, the immediate price impact could be muted.
Frequently Asked Questions
Has the whale been accumulating ETH for two years?
Yes. On-chain analysis indicates the wallet’s average acquisition price is $3,912, implying accumulation activity primarily took place around two years ago according to transaction history available on public ledgers.
How likely is a market sale after moving ETH to Binance?
Transfer to an exchange increases the possibility of a sale but does not guarantee one. Wallet behavior, subsequent on-chain moves, and exchange orderbook activity are needed to assess sell likelihood.
Key Takeaways
- Major transfer observed: 3,711 ETH moved to Binance at $4,294 (~$15.93M).
- Potential realized profit: If sold, profit from that tranche would be ~ $1.417M versus an average buy price of $3,912.
- Remaining exposure: Wallet still holds 3,000 ETH with an estimated $1.13M unrealized gain—monitor for further on-chain movement.
Conclusion
This on-chain event—reported by COINOTAG News and highlighted by analyst AI Auntie (@ai_9684xtpa)—shows an ETH whale reducing part of its position by transferring 3,711 ETH to Binance. While transfers to exchanges can precede sales, they do not prove intent. Market participants should monitor exchange orderbooks and further on-chain activity for confirmation. COINOTAG will continue to track updates and provide timely analysis.