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As per insights from cryptocurrency analysis firm LookonChain, an Ethereum (ETH) investor, previously inactive for five years, is considering liquidating holdings. The analysis reveals that the whale acquired 47,260 ETH, valued at $11.34 million, between June and August 2017, with an average cost per coin of approximately $240. Since then, ETH’s price has surged by about 838%.

 

 

Notably, LookonChain reports that the whale wallet executed a transfer of 39,260 ETH, equivalent to $87.5 million, to the Kraken cryptocurrency exchange on December 5, 2023. Should the investor decide to sell, the potential profit stands at a remarkable $78 million.

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