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2016 Ethereum Whale Sells $19.75M in ETH, Transfers $3M to Wintermute

2016 Ethereum Whale Sells $19.75M in ETH, Transfers $3M to Wintermute

An early Ethereum whale continues profit-taking with $6.55 million sold today, while retaining a multimillion-dollar ETH position across linked addresses.

ETH

Summary

A 2016 Ethereum whale with a $203.22 cost basis sold 2,136 ETH at an average of $3,066.4 within two hours, totaling $6.55 million and earning about $83,000 profit. This follows prior Wintermute-facilitated sales of 7,000 ETH worth $21.17 million at $3,024 each, securing $19.745 million in gains. The whale and connected addresses still hold 7,290 ETH valued at $22.61 million, maintaining a significant market presence.

Terms & Concepts
  • Ethereum whale: An individual or entity holding a large amount of Ethereum, capable of influencing market movements.
  • Cost basis: The original purchase price of an asset, used to calculate capital gains or losses when sold.
  • Wintermute: A crypto market-making firm that provides liquidity to digital asset markets.