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Ether Holder Moves 112,053 ETH to Bitfinex in Weeklong Profit-Taking
The holder transferred 30,825 ETH in its latest move and booked an estimated $72.83 million profit after holding the tokens for three years.
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A large Ether (ETH) holder moved 112,053 ETH to Bitfinex over one week, taking an estimated $72.83 million profit and adding potential selling pressure to the market.
The latest transfer involved 30,825 ETH valued at $83.03 million. Across the week, the holder sent roughly $300 million worth of ETH to the exchange.
The holder, described as either a whale or an institution, had kept the tokens for about three years. It withdrew 130,592 ETH from Bitfinex in 2023 at an average price of $2,026.
The transfers represent profit-taking from a large position.
