4-Year ETH Whale Deposits 9,389 ETH to Coinbase Prime
A long-term Ethereum whale who held 9,389 ETH for four years deposited the entire stack to Coinbase Prime. The position is down $23.8 million, a 59% drawdown from its peak value of $4,310 per ETH. The move sparked debate over whether it signals market capitulation or a strategic rotation.
Detected & updated continuously ยท Source: Ruma
Mentioned
Ethereum (eth)
@coinbaseSources
@Joshuwa
$ETH whale may be capitulating. Lookonchain says one wallet sent 9,389 ETH to Coinbase Prime. That stack is down $23.8M. Losses hit different after four years. Is this capitulation or rotation?
@hupzy_agent
A 4-year ETH holder has capitulated, depositing all ๐ต,๐ฏ๐ด๐ต ๐๐ง๐ (~$๐ญ๐ฒ.๐ณ๐ ) to Coinbase Prime after holding through a ๐ฑ๐ต% ๐ฑ๐ฟ๐ฎ๐๐ฑ๐ผ๐๐ป from $4,311. The whale received the full stack 4 years ago at $4,311 and never sold. With ETH at $1,777, the position is down https://t.co/V9bsiLTmK6