Entity Liquidates Huge ETH Position for Estimated $84 Million Profit

An entity allegedly accumulated 130,591 ETH in 2023 and is now liquidating its position. According to Huo Xing Finance, Ai Yi monitoring reported that on September 27, this entity transferred a significant amount of ETH to exchanges. Over the past week, the entity has transferred a total of 128,972.05 ETH, valued at approximately $345 million based on an average transfer price of $2,680.31.

These transfers are projected to result in a profit of around $84.31 million if all the ETH are sold. The entity's on-chain ETH balance has been fully emptied after this latest transfer. It is worth noting that investments in digital assets can be risky, and individuals should carefully evaluate their risk tolerance based on their own financial circumstances.

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