According to The Data Nerd, an early Ethereum whale transferred 4,000 ETH—originally bought for just over $10 each—to Binance, potentially realizing a 389x gain.
Blockchain analytics platform The Data Nerd reported that a long-term Ethereum holder deposited 4,000 ETH, valued at about $16 million, to Binance. The coins were purchased nine years ago at an average price of $10.25 per ETH. If sold at current prices, the transaction would generate roughly $15.96 million in profit, equating to a 389x return on investment.