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The early ETH coin hoarding address is suspected of dumping, with profits possibly exceeding 31 million USD.
[Block Rhythm] On July 31, monitoring indicates that smart money that built a position in ETH since September 2020 has suspected dumping of 11,185 ETH in the past two weeks, with a cost as low as 906.5 dollars. If sold, it would yield a profit of 31.35 million dollars.
The address 0x306...6Ab84 deposited 5000 ETH, worth 19.21 million USD, to a trading platform 6 hours ago, and simultaneously initiated a redemption request of 6383.53 ETH to Lido. This is the second large deposit to a trading platform for this address this month, with the last one being a deposit of 6185 ETH, approximately 22.28 million USD, two weeks ago. The address accumulated 39,546.52 ETH at an average price of 906.5 USD from September 2020 to February 2025, and currently still holds 10,513.14 ETH.