An institution transferred $266 million worth of ETH to an exchange within three days, while still holding $140 million in ETH.
According to On-Chain Lens monitoring, as of early today, an institution has gradually deposited 109,806 ETH into centralized exchanges over the past three days, valued at approximately $266 million, at an average price of $2,430. The address associated with this institution currently holds 58,048 ETH, worth approximately $140 million. If sold off entirely, the total sell volume would reach 167,854 ETH, valued at roughly $406 million. Based on an initial entry cost of around $1,700 two years ago, the projected profit stands at approximately $122 million.
