Just 3 hours ago, whale 0xe4f deposited the remaining 60,079 ETH ($234M) to Bitfinex after holding it for nearly 6 years.
Transaction: 0xdfcea66ebf6d665e159c1d984329f50cfc39c472caaa0fd83271be4a77ab5f19
Address: 0xe4f4866437513e7e023fb3933ba43045312b7459
This marks the end of the whale's first ETH trading cycle. If these were indeed purchases and sales, the whale would have made an estimated $274.8M profit (20.7x return) on their ETH holdings.
Here's a breakdown:
January 5, 2019: Withdrew 87,085 ETH from Bitfinex at $153 per ETH (cost: $13.4M)
December 7, 2020: Sent 600 ETH (then worth $361K) to Tornado Cash
November 12, 2023 - December 6, 2024: Redeposited 86,484 ETH back to Bitfinex at an average price of $3,331 ($288M)
The whale’s successful trade cycle results in a $274.8M profit.