As a seasoned researcher with years of immersion in the cryptocurrency realm, I find these recent movements in dormant Ethereum wallets to be both intriguing and telling. The actions of these longtime holders, cashing out their ETH at these price spikes, suggest a certain level of foresight and patience that is truly admirable.
There’s been increased activity in previously inactive Ethereum (ETH) wallets recently, with long-term holders cashing in on recent price surges. Notably, it was reported that two significant Ethereum investors sold a collective 33,701 ETH, equivalent to approximately $89.72 million. This sale took place as the value of Ethereum rose by around 13.75% over the past day.
The first major transaction was made by someone who participated in the Ethereum ICO. They had the wallet ID “0xB8c” and transferred 25,000 ETH, which is worth about $65.67 million, to the Kraken exchange at a price of almost $2,627. After the transfer, this owner is left with 64,450 ETH, which is worth about $181.2 million.
0x0c1, a significant participant, returned after an absence of approximately 8 and a half years by offloading 8,701 Ether (ETH) for around 24.05 million US Dollar Coin (USDC), which equates to roughly $2,764 per ETH. This transaction yielded a massive profit of 689 times the initial investment, leaving this investor with 2,304 Ether, valued at approximately $6.48 million.
Subsequently, a third whale who had been inactive for nearly nine years awoke to find a wallet containing 12,001 Ether, valued at approximately $34.1 million. This whale then began selling these Ether on the blockchain. They acquired each Ether for around $8.58, and their current value is now 330 times what they initially paid.
Additionally, Lookonchain has disclosed information about a significant investor who currently owns approximately 398,891 ETH, equivalent to around $1.14 billion. This individual began offloading their ETH holdings in the past 24 hours, following a period of eight years without any activity. Over the last six hours, this whale has disposed of roughly 13,400 ETH, valued at about $37.38 million, with an average selling price of $2,790 per ETH. It was observed by Lookonchain that as many as 28 wallets connected to this investor started acquiring ETH via the ShapeShift platform back in January 2016, at an average purchase price of around $3.5 per ETH.
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2024-11-07 20:28