A long-dormant Ethereum whale has started moving funds after 11 years, according to on-chain analyst Ember. The wallet originally bought 100,000 ETH in Ethereum’s 2015 ICO at $0.311 per coin, for a total cost of $31,000. Six months later, the holder sold 50,000 ETH at $5.47, a transaction valued at $274,000 and described as a 17x profit. The remaining 50,000 ETH then stayed untouched until now. Over the past two hours, the whale transferred 5,000 ETH, and 1,500 ETH from that amount has already been sent to centralized exchanges. The transferred portion sent to exchanges was valued at $3.45 million. The move marks the first reported activity from the remaining ICO-era holdings after more than a decade of dormancy.
Odaily reported that an early Ethereum whale has begun moving ETH after 11 years of dormancy, according to monitoring by on-chain analyst Ember.
The holder bought 100,000 ETH in Ethereum’s 2015 ICO at $0.311 per token, for a total of $31,000. Six months later, the whale sold 50,000 ETH at $5.47, a sale worth $274,000 and a reported 17x profit.
The remaining 50,000 ETH had been held ever since and only started moving today. In the past two hours, the wallet transferred 5,000 ETH, with 1,500 ETH already sent to centralized exchanges. That portion was valued at $3.45 million.
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