According to Ember Monitoring, an ancient whale purchased 100,000 ETH at $0.311 per token during the ICO in 2015, for a total cost of approximately $31,100. In 2016, the whale sold 50,000 ETH at $5.47 per token, cashing out approximately $274,000 and realizing a profit of about 17x. The remaining 50,000 ETH have been held until now, marking their first transfer after approximately 11 years. Within the past two hours, the whale has transferred 5,000 ETH, of which 1,500 ETH—valued at approximately $3.45 million—have been deposited into centralized exchanges.
Ancient Ethereum whale moves 1,500 ETH to exchange after 11-year silence
TechFlowShare
Summary
ETH news: An ancient Ethereum whale, who purchased 100,000 ETH in 2015 at $0.311 each, moved 5,000 ETH in the past two hours. Of this, 1,500 ETH—valued at approximately $3.45 million—was sent to a centralized exchange. The whale sold 50,000 ETH in 2016 at $5.47 each, realizing a 17x profit, and held the remaining 50,000 ETH for over 11 years. ETH update: This is the first significant movement from this wallet in over a decade.
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