A whale that held 101,000 ETH for 5 years transferred 40,251 ETH to a CEX, making a profit of $204.9 million.

According to Mars Finance, monitoring by Ember indicates that a whale or institutional investor who has held 101,000 ETH for five years at an average cost of only $660 transferred 40,251 ETH (approximately $124 million) to the Bitstamp exchange in the past 24 hours. Of this, 26,000 ETH (approximately $80.16 million) were transferred in just one hour ago. This address (0xCADE...e0F2) accumulated 101,000 ETH from Binance and Bitstamp five years ago. Currently, 75,200 ETH (approximately $254 million) have been transferred to the exchange at an average price of $3,383, realizing a profit of $204.9 million. The address currently still holds 26,000 ETH (approximately $80.16 million).