Add as a preferred source on GoogleWhale or Institution Moves 30,825 Ether, Realizing $72.83M Profit
The entity transferred 112,053 ETH worth about $300 million to Bitfinex over one week after holding the tokens for roughly three years.
A whale or institution that held Ether (ETH) for about three years moved 30,825 ETH worth $83.03 million to Bitfinex, bringing its weekly transfers to 112,053 ETH.
The latest transaction lifted the entity’s cumulative realized profit to $72.83 million. The total Ether transferred to Bitfinex over the past week was valued at about $300 million.
The activity marks continued profit-taking from a long-held Ether position. The latest transfer represents about 27.5% of the entity’s weekly exchange-bound movement.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.