2016-era wallet moves 13,330 ETH to Coinbase with $36.2M profit
- —13,330 ETH worth about $36.37 million sent to Coinbase
- —Estimated entry price of $11.61 implies a 23,402% gain
- —Wallet had been inactive for roughly six months
- —Exchange deposits can signal intent to sell, though no trade is confirmed
Why it matters: Large deposits from long-dormant wallets often precede selling and can add pressure on ETH price.
Source: TokenPost