A major player on Ethereum ($ETH), who had been practically inactive for about three years, has become active again. According to blockchain data, the specified address transferred $ETH worth millions of dollars to the Kraken exchange, and it was estimated that if the transaction was made for the purpose of selling, the investor could have incurred losses of approximately 6 million dollars.
From the address 0x7C5...77b86, a total of 23,834.17 $ETH were withdrawn between February 15 and March 21, 2022, at an average price of $2,723.2. At that time, the total value of these Ethereum assets was approximately $64.9 million. Subsequently, the investor placed their assets into staking via Rocket Pool.
After nearly three years of silence, the active player, who had shown some activity for a while, deposited 7,323 $ETH into Kraken 10 hours ago. The current value of the transferred assets is estimated to be around $13.96 million.
If the large investor sells this $ETH at current prices, they will incur a loss of approximately $5.98 million compared to the approximate investment cost in 2022. The total value of the $ETH investment at this address has also decreased by about 30 percent compared to the time the initial position was established.
*This is not investment advice.
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