Eight-Year ETH Whale Completes Full Exit Today, Sells 37,598 ETH for $27.53 Million Profit

According to on-chain analyst Ember (@EmberCN), a major whale who held ETH for eight years fully liquidated their position today. This whale received 37,602 ETH (valued at approximately $31.16 million at the time) in February 2018 at an average price of ~$829 per ETH and had not sold any ETH during the eight-year period. Today, they sold their holdings in two batches: the first batch consisted of 17,598 ETH sold for 27.245 million USDS (average price: $1,548 per ETH); subsequently, they sold the remaining ~20,000 ETH entirely for 58.69 million USDS (average price: ~$1,561 per ETH). The whale’s total profit amounted to approximately $27.53 million, representing an ~88% gain.