PANews, October 26: According to on-chain analyst Yujin, an ancient whale purchased 100,000 ETH at $0.311 each via an ICO in 2015, for a total value of $31,000. Six months later, the whale sold 50,000 ETH at $5.47 each, totaling $274,000, realizing a 17x profit. The remaining 50,000 ETH were held for 11 years until now, when transfers began: within two hours, 5,000 ETH were moved, with 1,500 ETH entering CEXs, valued at $3.45 million.
Ancient Ethereum whale transfers 5,000 ETH after 11 years; 1,500 ETH moved to CEX
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Summary
Whale activity trading has drawn attention as an ancient Ethereum whale moved 5,000 ETH after 11 years of dormancy. The holder, who purchased 100,000 ETH in 2015 at $0.311, transferred 1,500 ETH to a centralized exchange within two hours, valued at $3.45 million. Traders are analyzing the risk-to-reward ratio of this move, particularly after such an extended holding period.
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