Decade-Dormant Ethereum Whale Moves $22.88 Million in ETH to New Wallet
BeInCrypto
An Ethereum ICO participant transferred 10,000 ETH worth $22.88 million to a new wallet after remaining dormant for nearly 11 years.Summary
An early Ethereum participant, having held 10,000 ETH since the project's ICO, recently moved their entire balance to a new wallet after 10.8 years of dormancy. Acquired at a cost of $0.311 per token, the holdings are now valued at approximately $22.88 million, representing a 7,381x return. While the transfer has sparked market interest, the whale's intent remains uncertain as no sale has been confirmed; historically, such movements have led to various outcomes, including liquidation, staking, or simple asset repositioning.
(Source：BeInCrypto)