An early investor Ethereum The whale appears to have moved after a long silence.
Lookonchain data reveals that this powerful investor deposited 39,260 ETH worth $87.5 million to crypto exchange Kraken on Monday after being inactive for five years. laid. Whale purchased 47,260 ETH (at a price of approximately $240 per token) worth $11.34 million between June and August 2017. The following year, he sold 8,000 ETH and has not moved since then.
According to Lookonchain, if the whale had sold its holdings in Kraken, it would have made a profit of approximately $78 million.
ETH is trading at $2,295 at the time of writing. The second-ranked crypto asset by market cap is up almost 3% in the last 24 hours.
Lookonchain also found that an address associated with bankrupt lending platform Celsius transferred 7,500 ETH worth $16.7 million to institutional crypto trading platform FalconX on Monday.
According to the crypto tracker, Celsius sent 37,260 ETH worth a total of $83 million to FalconX and crypto exchanges Coinbase and OKX over the past three weeks. Celsius filed for bankruptcy in July 2022 after its native token lost 99% of its value and was unable to process withdrawals.
Last month, a US judge approved a bankruptcy plan for Celsius that would create funds for a new mining and staking company designed to repay creditors.
The company, called “NewCo,” will have a balance sheet of $1.25 billion, $450 million of which is liquid crypto.