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58bro.eth Acquires 10,501 Ether (ETH) at a $1,978 Average

The two-day purchase was valued at $20.77 million; earlier records list an 8,000-ETH OKX deposit at $2,397.41 per Ether but do not establish a sale.

Updated 1 min read
An editorial graphic depicts Ether accumulation through transaction blocks, with no public physical site identified / TokenPost.ai
An editorial graphic depicts Ether accumulation through transaction blocks, with no public physical site identified / TokenPost.ai

58bro.eth acquired 10,501 Ether (ETH) for $20.77 million over two days, 2,501 ETH more than an earlier OKX transfer, though records do not establish a completed sale.

The average price for the latest purchases was $1,978 per Ether. An earlier EconoTimes review of the OKX deposit and withdrawal recorded an 8,000-ETH deposit on Nov. 4-5, listed at $2,397.41 per Ether, and a withdrawal on Nov. 12. The deposit’s approximate listed value was $19.18 million.

The transfer records do not show whether the deposited Ether was sold or whether 58bro.eth later reacquired the same amount. The difference between the listed deposit price and the latest purchase average does not establish a realized gain or loss.

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