The suspected DFG founder's address liquidated ETH held for two years, with an estimated profit of $7.796 million.
According to crypto analyst Ai Yi @ai_9684 xtpa, an address suspected to be associated with DFG founder James Wo (@realjameswo) deposited 1,598 ETH to Binance six hours ago. Over the past two days, this address and another address have transferred a total of 3,634.2 ETH to the exchange, equivalent to approximately $13.29 million at current prices.
On-chain data shows that this batch of ETH was purchased between February and March 2023, with an average entry price of approximately $1,521.95. If all were sold, it would be expected to realize a profit of approximately $7.796 million, a return rate of 141%.
