Add as a preferred source on GoogleWallet’s Ether Position Shows $30.79 Million Unrealized Gain at Reporting Snapshot.
The wallet’s roughly 80,000 ETH position showed an estimated $30.79 million unrealized gain at the time of the observation.
A wallet with a roughly 80,000 Ether (ETH) position may have sold a combined 75.03 Wrapped Bitcoin (WBTC) and Kraken Wrapped Bitcoin (kBTC) tokens for about $6.2 million around 5:53 p.m. ET (21:53 UTC) Oct. 20.
The tokens had an average withdrawal price of $78,068.55 each. If the suspected sale was completed at the estimated value, it would have generated about $346,000 in profit.
The wallet had previously withdrawn a cumulative 80,157.67 ETH. Its roughly 80,000 ETH position had not been reduced at the time of the observation and showed an estimated $30.79 million unrealized gain. That gain was separate from the potential profit on the WBTC and kBTC tokens.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.