There were impressive profits at this address: ETH-kit is realizing a position worth $204.9 million.

AirdropSweaterFan · 2026-01-16T12:52:28+00:00

Monitoring by Ember has revealed significant movement in the cryptocurrency market, with a major ETH holder transferring 40,251 ETH (approximately $124 million) to a centralized exchange in one day. The address, which accumulated 101,000 ETH over five years, has realized a profit of $204.9 million by selling part of its holdings. The current balance of 26,000 ETH remains on the address, leaving uncertainty about the holder's future actions.

AirdropSweaterFan

2026-01-16 12:52:28

Abstract generation in progress

Monitoring Ember has detected significant movement in the cryptocurrency market: one of the major ETH holders has increased activity on the market. Over the past day, a prominent address (0xCADE…e0F2) has transferred a substantial portion of its assets to a centralized exchange, cashing out its accumulated treasures.

Key Movement Figures

In the last 24 hours, a total of 40,251 ETH has been sent from this address to the exchange, equivalent to approximately $124 million. The most notable transaction occurred just an hour ago — 26,000 ETH (about $80.16 million) was transferred at once. The current ETH price is $3.31K, allowing an assessment of the scale of the operation.

Accumulation History and Profit Calculation

Interestingly, this address accumulated its position over five years — since it started collecting 101,000 ETH from the exchange. At that time, the average purchase price was only $660 per coin.

At this point, a huge difference emerges: out of the 101,000 ETH accumulated, 75,200 ETH have already been transferred to the exchange at an average price of $3,383. This has yielded the owner an excellent result — a net profit of $204.9 million from part of the position.

Current Situation

The address still holds 26,000 ETH worth approximately $80.16 million. The question remains — will the owner continue to liquidate the remaining position at current prices, or decide to hold the rest of the assets.

ETH3,99%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.