Dormant Ethereum Address Awakens After 3 Years to Sell 10,000 ETH for 17.72 Million USDC

According to Odaily Planet Daily, monitoring by Lookonchain shows that an Ethereum address that had been inactive for 3 years received 10,000 ETH one hour ago. The address swiftly sold the entire stash at an average price of $1,772 per ETH, obtaining approximately 17.72 million USDC, equivalent to around $17.72 million. This large sell-off caught the attention of on-chain observers, as the holder chose to exit the market after a prolonged dormancy. By converting to the USDC stablecoin, the holder effectively locked in profits and shielded against future price volatility.