OG ETH Whale Deposits 4,254 ETH Worth $11.67 Million to Binance After Selling 12,254 ETH for $31.1 Million Profit

On February 20th, COINOTAG News reported significant activity from a long-time Ethereum investor, identified by on-chain analyst @ai_9684xtpa. This prominent whale, known for accumulating ETH since 2018, has made a substantial deposit of 4,254 ETH into Binance, equivalent to a notable $11.67 million. Historical data reveals that the acquisition cost for this wallet’s ETH portfolio was as low as $194, highlighting the profitable entry point for the investor. Over the past five days, this address has executed the sale of 12,254 ETH, which could translate to a realized profit of approximately $31.1 million based on previous purchase prices. Such transactions illustrate the ongoing volatility and investment strategies prevalent in the cryptocurrency market, reflecting both the confidence and market acumen possessed by seasoned investors.