According to TechFlow TechFlow, on January 12, analyst Yu Jin reported that a whale/institution that had held 101,000 ETH for 5 years at an average cost of only $660 completed its liquidation 4 hours ago, transferring the last 26,000 ETH ($80.88 million) to the Bitstamp trading platform.
This whale/institution accumulated 101,000 ETH five years ago at an average price of $660, and recently sold them off at an average price of $3,313, realizing a profit of $269 million.
A massive ETH whale liquidated its holdings at a cost as low as $660, netting a profit of $269 million.
