Whale deposits 60,079 ETH to bitfinex, realizing over 274 million USD in profit

An Ethereum whale made a huge deposit: A prominent Ethereum whale deposited 60,079 ETH into Bitfinex, valued at 234 million USD, reflecting the strength of its long-term strategy.

Massive profit after strategic withdrawals: After withdrawing 87,085 ETH in 2019, the whale realized about 274.8 million USD in profit, achieving a return of 20.7 times its initial investment.

Market cycles favor strategic holding: The recent transactions highlight how strategic holding of Ethereum can yield substantial returns through market fluctuations.