An Ethereum address that accumulated 130,591 ETH in 2023 transferred a further 16,919 ETH, worth $45.85 million, to an exchange three hours before the report. Its exchange deposits over the past week totaled 128,972.05 ETH, valued at roughly $345 million at an average transfer price of $2,680.31. The address's on-chain ETH balance was emptied after the latest transfer. The monitoring account estimated a potential profit of $84.31 million if the transferred ETH is sold. Earlier reports described the same entity as having moved 112,053 ETH to Bitfinex during the week, after withdrawing about 130,592 ETH from that exchange in 2023.