Whale Deposits 6,294 ETH to Bybit, Potentially Securing $3.76 Million Profit

An early Ethereum investor address continues transferring thousands of ETH to exchanges, realizing multi-million-dollar gains and underscoring long-term profitability of early crypto accumulation strategies.

ETH

193d ago

Fact Check

The statement is directly corroborated by three separate pieces of evidence (Sources 1, 8, and 9). These sources consistently report on a whale depositing 6,294 ETH to Bybit and mention an estimated profit that is either exactly $3.76 million or very close to it ($3.68 million), strongly confirming the claim.

Summary

A 2017 Ethereum whale transferred 2,200 ETH worth about $9.92 million to Bybit, adding to a total of 8,310 ETH moved to exchanges in 2025. The address originally accumulated 16,830.64 ETH at an average of $181.35 per token. With these transfers, the holder has secured approximately $32.89 million in profit, representing a 21.82x return. This activity reflects ongoing profit-taking by early Ethereum investors.

Terms & Concepts

ETH: The native cryptocurrency of the Ethereum blockchain, used for transactions and powering decentralized applications on the network.
Bybit: A cryptocurrency derivatives and spot trading exchange that offers services for trading various digital assets.