Whale Transfers 9,706 ETH via THORChain, Nets $28.62 Million Profit from Long-Held Ethereum Tokens

According to data from Onchain Lens, a significant whale transaction has been recorded on THORChain over the last 16 days, involving the transfer of 9,706.16 ETH, valued at approximately $24.03 million. This strategic move generated a realized profit of $28.62 million, highlighting the lucrative potential of timely asset management within decentralized finance ecosystems. The whale originally acquired 11,620.57 ETH from ShapeShift nearly a decade ago, when the holdings were worth a mere $11,360. Despite partial liquidation, the investor still retains 1,914.4 ETH, currently valued at around $4.7 million. This transaction underscores the long-term value appreciation of Ethereum and the growing influence of large holders in market dynamics.

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