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"Whales Dump 5,800 ETH, $15.73M in CEX Transfers"

Coin WorldTuesday, Feb 18, 2025 3:33 am ET

1min read

Two significant holders, often referred to as "whales," have recently transferred a combined total of 5,800 ETH into a centralized exchange (CEX), according to data from ai_9684xtp. This transaction amounts to approximately $15.73 million.

The first wallet, identified as 0xc8D...Be2CD, liquidated 3,100 ETH, which was acquired at an average cost of $1,890. If sold at the current price, this transaction would result in a potential profit of around $2.546 million.

The second wallet, 0x41A...F7277, offloaded 2,700 ETH, which was previously withdrawn from an exchange at the price peak of $3,499 eight months ago. If this holding is sold at the current price, the transaction would realize a loss estimated at $1.655 million.

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