Blockchain tracker Lookonchain reports that an early Ethereum investor who has been dormant for almost a decade has sent 1,732 ETH (worth $5.15 million) to cryptocurrencycurrency exchange Kraken. This move comes when ETH crosses the $3,000 threshold.
At the $0.31 ICO price, this person purchased Ethereum, which, if sold for more than $3,000, could yield a 10,000x return on their investment. Over $5 million is still in the 1,733 ETH that are left in their wallet.
Although it’s unclear if they intend to sell, moving to an exchange like Kraken makes it possible. This report comes after other notable whale movements, such as the 26,000 ETH ($76.2 million) withdrawal from cryptocurrencycurrency hedge fund Galaxy Digital and the 64,000 ETH accumulation by an unidentified entity in just 11 days.
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