Institutional Investor Deposits $266 Million in ETH to Exchanges

An institutional investor has transferred 109,806 ETH, valued at approximately $266 million, to centralized exchanges over the past three days at an average price of $2,430. The entity still holds 58,048 ETH, worth about $140 million. If the remaining holdings are sold, the total divestment would reach 167,854 ETH, totaling $406 million. Based on an initial entry cost of $1,700 per ETH two years ago, the investor is estimated to have realized a profit of approximately $122 million.