According to Onchain data, a crypto whale seems to have finally made a large sale after a long wait.
The cryptocurrency whale that participated in Ethereum’s initial coin offering (ICO) woke up after 9.4 years of sleep and transferred 631.1 ETH worth $2.14 million to the cryptocurrency exchange Coinbase. It is noteworthy that the whale’s move came amid a slight recovery in the ETH price.
Interestingly, this crypto whale obtained 1,940 ETH from Ethereum’s Genesis block in July 2015. At the time, this whale paid only $601 for this ETH stash.
Currently, this whale is currently holding 1,309 ETH worth $4.4 million, and its status can be followed at “0xc0e457bd56ec36a1246bfa3230fff38e5926ef22” for future movements.
The ETH price had broken through the psychological barrier of $4,000 during the last wave of the rally. However, at the time of writing, it has lost 7% of its value in the last month. The all-time high is 32% away.
*This is not investment advice.
