After more than 9 years of dormancy, three digital wallets—likely owned by the same whale—moved 2,903 $ETH , worth $7.22 million, to Coinbase.
Ironically, these wallets received $ETH 9 years ago, when the coin was worth just $9.9.
Today, the profit amounts to around $7.19 million—a return of nearly 250 times the original investment.
A move of this size after years of inactivity draws attention to the behavior of long-dormant whales and raises the question of whether they are preparing to take profits or redistribute their positions.
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Ironically, these wallets received $ETH 9 years ago, when the coin was worth just $9.9.
Today, the profit amounts to around $7.19 million—a return of nearly 250 times the original investment.
A move of this size after years of inactivity draws attention to the behavior of long-dormant whales and raises the question of whether they are preparing to take profits or redistribute their positions.
Press $ETH to trade
$ETH
Others have already followed. Visit my profile and stay with those who read the news before it breaks.