Early Ethereum Whales Transfer Millions To Centralized Exchanges For Profit Taking

Several Ethereum whales who accumulated ETH during the project’s early years are selling their holdings or transferring them to centralized exchanges after holding them for nearly a decade. These transactions involve positions acquired at prices far below current levels. According to data from Lookonchain , an early Ethereum investor sold 3,000 ETH for more than $7.2 million . The whale had purchased the tokens nine years earlier for less than $19 each, with an initial investment of approximately $56,000 . The sale generated a return of roughly 130 times the whale’s original investment. An #EthereumOG who bought 3,000 $ETH ($7.23M now) at only $18.83 nine years ago sold today, making a 128x return!

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