An address dormant for three years received 10,000 ETH and quickly sold them at an average price of $1,772, obtaining 17.72 million USDC.
According to on-chain monitoring by Lookonchain, an address that had been inactive since 2023 suddenly received 10,000 ETH one hour ago. The address immediately sold all the ETH at an average price of $1,772, converting the assets into 17.72 million USDC, worth approximately $17.72 million. The swift move to a stablecoin suggests a decisive cash-out from the Ethereum ecosystem after three years of dormancy.
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