Railgun-Linked Addresses Sell 1770.2 ETH, Expect $1.95M Profit

According to PANews on August 7th, two addresses suspected to belong to the same individual sold 1770.2 ETH acquired at $2,690 each via the Railgun privacy protocol, with a recent Binance USDT withdrawal confirming the sale completion.

ETH
USDT

Summary

PANews reports that two addresses, suspected to belong to the same individual, sold 1770.2 ETH valued at approximately $6.71M. Acquired in February 2025 at $2,690 per ETH using funds from the Railgun privacy protocol, the sale is expected to yield a profit of $1.95M. A withdrawal of 6.75M USDT from Binance half an hour ago confirms the sale's completion.

Terms & Concepts
  • Railgun privacy protocol: A decentralized protocol that provides enhanced privacy for cryptocurrency transactions.
  • USDT: A stablecoin pegged to the US dollar, commonly used for trading and transactions in the crypto market.