Ethereum Whale Deposits 4,000 ETH to Binance — 9-Year-Old Holdings Deliver 389x Return (~$16M Profit)

On October 17, COINOTAG cited on‑chain analytics from The Data Nerd indicating a historic Ethereum address transferred 4,000 ETH to Binance roughly 14 hours prior. The coins were reportedly accumulated nine years ago at an average cost basis of $10.25 per ETH; at current market levels the position reflects an unrealized gain near $15.96 million, representing an approximate 389x multiple on the original capital. While such a deposit increases exchange custodial balances, on‑chain transfers do not constitute confirmed sell orders—market participants should treat this as a change in custodial exposure and monitor Binance deposit flow and order book depth for potential liquidity and price‑impact implications.