Four years ago, an early ETH buyer made a large transfer, with $22.6 million in spot possibly sold for profit-taking.

September 23, according to TradingBeats monitoring, an address holding ETH purchased and withdrawn four years ago and dormant ever since, today first transferred 0.01 ETH to a Coinhako deposit address as a test, then at 14:49 transferred 8,249.86 ETH, worth approximately $22.64 million, with the balance nearly emptied after the transfer.

It is reported that as early as 2022, three associated addresses cumulatively withdrew 4,615.15 ETH from Binance, and through four on-chain transactions spent approximately 9.0009 million USDT to buy 3,635.02 ETH. These funds were consolidated to address 0xcbe3 in August 2023.

Based on the price at the time of each withdrawal, the reference cost of this batch of ETH was approximately $2,181.8 per coin, with an unrealized profit of approximately $4.6359 million, a return of approximately 25.76%.

Address: 0xCbE36050a50E3d3e6077494f4d9Ad81Ec3A6E7d4