An interesting on-chain movement: a certain institutional whale has completed a long-term strategic exit. This player bought 101,000 ETH at an average cost of $660 five years ago, and in the past 4 hours, transferred the last 26,000 ETH (worth approximately $80.88 million) to a major mainstream trading platform, fully liquidating their position.

The story behind the numbers is clear—selling all holdings from an average price of $660 to $3,313, this institutional investor realized a paper profit of $269 million, with a total return multiple of 4x over the entire cycle. Five years of patient holding has yielded a quite substantial return. Such large whale activities often have a significant impact on market liquidity and price trends, and it is worth monitoring their subsequent market performance.