An old wallet linked to the Ethereum Foundation became active after lying dormant for about a year, transferring its last 7,594 ETH to an exchange.
The transfer was worth about $17.79 million, at roughly $2,343 per ETH. The wallet originally acquired 200,000 ETH at about $0.31 each.
My take is that holding ETH bought at $0.31 until now before moving the final batch to an exchange speaks for itself: this wasn’t a short-term trade. But now that the last batch has been moved, there’s nothing left in the wallet to wait on.
Would you see this sell-off as the old wallet exiting for good, or simply moving its final batch to an exchange for safekeeping?
Follow me, and I’ll be the first to dig up activity from old wallets like this.
#eth
The transfer was worth about $17.79 million, at roughly $2,343 per ETH. The wallet originally acquired 200,000 ETH at about $0.31 each.
My take is that holding ETH bought at $0.31 until now before moving the final batch to an exchange speaks for itself: this wasn’t a short-term trade. But now that the last batch has been moved, there’s nothing left in the wallet to wait on.
Would you see this sell-off as the old wallet exiting for good, or simply moving its final batch to an exchange for safekeeping?
Follow me, and I’ll be the first to dig up activity from old wallets like this.
#eth
