Whale Transfers 11,638.9 ETH to Kraken, Reaping 96% Returns on 2022 Investment

COINOTAG News reports on December 9th that a significant cryptocurrency holder, referred to as a whale, has recently finalized a substantial transaction. This individual previously withdrew 96,638.9 ETH from Coinbase at a rate of $1,567 per coin in 2022. Remarkably, just seven hours ago, they executed an additional transfer of 11,638.9 ETH, valued at approximately $46.4 million, to Kraken. Over the past nine months, from March to December, this investor has methodically liquidated their ETH holdings through eight separate transactions. The average sale price for these operations stands at a striking $3,078, which means that this nearly two-year investment in ETH has yielded an impressive return of about $146 million, equating to a 96% return on investment.