Whale or Institution Transfers 40,251 ETH to Bitstamp After Five-Year Hold
A whale or institution transferred 40,251 ETH (worth approximately $124 million) to Bitstamp over the past day, with the latest transaction moving 26,000 ETH (around $80.16 million) one hour ago, on-chain analyst Ember reports via BlockBeats on Jan. 10. The entity accumulated 101,000 ETH on Binance and Bitstamp five years ago at an average entry price of $660 and has now moved a total of 75,200 ETH (roughly $254 million) to exchanges at an average price of $3,383, implying realized gains of $204.9 million. The whale or institution still holds 26,000 ETH (about $80.16 million).