Whale bought ETH at $3,383 and just transferred $124 million to the exchange.

A major investor held 101,000 ETH for 5 years with an average purchase price of $660 (during a historic low in crypto prices). This account just executed a notable series of transactions: in the past 24 hours, transferring 40,251 ETH (about $124 million) to an exchange, with 26,000 ETH moved just an hour ago. This action clearly indicates the market analysis of seasoned investors.

5-Year Journey: From $660 to Today

Ethereum address 0xCADE…e0F2 accumulated 101,000 ETH from an exchange five years ago when ETH was at a very low price. This long-term holding strategy has proven its worth, as ETH is now valued at $2,080 — three times higher than the purchase price. Interestingly, the average transfer-out price was $3,383, showing that this account sold some portions during higher price levels earlier.

Large Selling Move: Accumulation Signal or Preparing to Dump?

In total, the account transferred 75,200 ETH to an exchange at an average price of $3,383, realizing a profit of $204.9 million. It still holds 26,000 ETH (about $80.16 million). The transfer of 40,000 ETH into the exchange within 24 hours has caught community attention: is this a signal of preparing to “dump” at high prices, or just technical accumulation ahead of upcoming trading decisions?

The $3,383 Level — A Key Milestone in the Trading Strategy

The average transfer-out price of $3,383 is not accidental. It is significantly higher than the initial purchase price ($660), but below the peak ETH once reached. This strategy reflects the savvy calculations of seasoned investors — they don’t rush to sell at the top, but instead sell gradually at reasonable levels to lock in profits, while retaining a core portion to participate in future market fluctuations.