Whale Deposits 5000 ETH into Binance After Five Years of Inactivity

On August 9, OnchainLens reported a significant transfer to Binance, with the whale's long-term position now yielding a total profit of $45.38 million and notable historical accumulation details.

ETH

Summary

On August 9, OnchainLens reported that after a five-year dormancy, a whale deposited 5,000 ETH, valued at approximately $21.14 million, into Binance. The whale, who originally accumulated 55,001 ETH seven years ago for $6.73 million, now holds 5,001 ETH valued at about $21.07 million, resulting in a total profit of $45.38 million.

Terms & Concepts
  • Whale: A crypto market participant holding a large amount of digital assets, capable of influencing market prices.
  • Binance: One of the largest cryptocurrency exchanges globally, facilitating a wide range of digital asset trading.
  • ETH: The native cryptocurrency of the Ethereum blockchain, used for transactions and smart contract operations.