Major Shift After Five-Year Hold
After remaining dormant for nearly five years, a mysterious entity known for accumulating Ethereum at rock-bottom prices has reemerged. Chain analysis reveals this address began amassing ETH back in 2019, eventually holding a massive 101,000 ETH with an average entry cost of just $660 — positioning it as one of the most successful long-term investors in the current market cycle.
Large-Scale Exchange Inflow Sparks Market Reaction
In the past 24 hours, the address transferred 40,251 ETH to major exchanges, valued at approximately $124 million. A significant chunk — 26,000 ETH worth around $80 million — was moved just one hour ago, triggering short-term volatility and raising alerts across trading desks.
Over $200 Million in Profits Locked In
To date, the entity has moved 75,200 ETH to centralized platforms at an average price of $3,383. This strategic exit has locked in an estimated $204.9 million in realized gains. Even accounting for transaction costs and slippage, the profit margin highlights the power of disciplined long-term crypto investing.
Core Position Still Intact, Future Moves Watched Closely
Despite the large outflow, the holder retains 26,000 ETH — worth over $80 million — suggesting a partial take-profit rather than a full exit. Analysts interpret this as a risk management move amid elevated market valuations, while still maintaining strong conviction in Ethereum’s long-term trajectory.
- Initial Accumulation: 101,000 ETH (started in 2019)
- Average Cost Basis: $660
- Total Moved to Exchanges: 75,200 ETH at ~$3,383
- Realized Profit: ~$204.9 million
- Remaining Balance: 26,000 ETH (~$80.16 million)
As whale activity intensifies, market participants are increasingly attuned to large on-chain movements. This transaction not only reflects strategic profit-taking but also serves as a key indicator for Ethereum’s near-term price direction.