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Ethereum early whale sells entire stake after 344 percent return

A holder believed to be an early Ethereum investor transferred all ETH holdings to the centralised exchange Bitstamp and appears to have completed a full sale, according to on-chain analysis. The investor is estimated to have made about $274 million in profit, a 344 percent return. Data also show the transfers unfolded over months. Market commentary is mixed, citing negative Coinbase premium readings alongside arguments that Ethereum is undervalued and network activity is growing.