Dormant Wallet Moves $117 Million in ETH to Binance After Nine Months

On September 19, blockchain analyst Ai Yi reported that an Ethereum address deposited 9,000 ETH worth $41.55 million to Binance in under an hour. The wallet had accumulated 32,356 ETH at an average price of $3,027 between June and August. Since September 15, the address has transferred 15,010 ETH valued at $68.8 million to exchanges. If liquidated, the holdings could generate approximately $23.37 million in profit.

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