Ethereum Whales Cashing In: 41,567 ETH Position Sees 807% Return as $12 Million Moves to Coinbase

On December 17, COINOTAG reported a notable trend in the cryptocurrency market. According to data from @ai_9684xtpa, large investors, often referred to as whales, have accumulated a significant position of 41,567 ETH over four years, averaging a purchase price of $421.7 per ETH. With a remarkable return rate of 807%, indications suggest that these entities might be strategically taking profits. Recently, a transfer of 3,000 ETH to Coinbase was recorded, equating to approximately $12.13 million. This follows a broader trend, as these investors have offloaded a total of 8,957 ETH in the past fortnight, valued at around $32.46 million. Should they choose to liquidate their holdings, potential profits could reach $30.48 million, highlighting the dynamic nature of institutional involvement in the crypto market.