Address transfers 8,250 ETH to Coinhako after four-and-a-half years

  • An address transferred its entire 8,250-ETH balance to Coinhako.
  • The transfer price of $2,758 implied approximately $4.58 million in gains.
  • The address accumulated the ETH through Binance withdrawals and on-chain purchases in early 2022.

An address that held 8,250 ETH for about four and a half years transferred the entire balance to Coinhako roughly one hour before the report. The tokens were accumulated in early 2022 through withdrawals from Binance and on-chain purchases at an average price of about $2,202. Based on the transfer price of $2,758, the position represented nominal gains of approximately $4.58 million, or about 25%, leading Ember to suggest the move may have been a profit-taking sale.

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