If all the 19,477 ETH transferred to Coinbase by Friend.Tech were sold, the profit would be $52.39 million

BlockBeats reported that on September 9, according to Ember’s monitoring, the revenue that the Friend.Tech project received through the protocol should be $52.39 million, and the total amount of ETH they transferred to Coinbase was 19,477.

Ember said that the on-chain data showed that the Friend.Tech project transferred a total of 19,477 ETH from the protocol revenue to Coinbase in the six months from December 2023 to June 2024. If they sold the ETH every time it was transferred to Coinbase, then their revenue should be $52.39 million.