Whale 0x840 just deposited all 1,015 ETH ($1.93M) to Coinbase after being dormant for 2.5 years:

• transaction: 0x28ce62fe899eab305c865b744e504bcb68b6192b406b074586d858343225cf39
• address: 0x840a3b75756687137607048aceefeb1b808f7d84

Notably, the whale withdrew these ETH tokens from Kraken at an average price of $1,799 (estimated cost: $1.83M) between January 4 and October 1, 2022.

If truly selling now at $1,906, the whale would earn a small profit of only $109K (+5.94%) from ETH after holding them for as long as 3.17 years. At its peak, the whale's unrealized profit from this ETH investment reached $2.3M.

Fig 1. The overall ETH trading history of Whale 0x840.