The post Another Ethereum Whale Resurfaces, After 9 years of Dormancy appeared first on Coinpedia Fintech News
As the Ethereum foundation continues the selling spree, long-term Ethereum holding whales are joining the offloading phase. Recently, an early Ethereum ICO participant reactivated his wallet after more than nine years of inactivity. The participant deposited 5 $ETH worth approximately $13.3k to Kraken. Based on his wallet activity, the participant had received 2,000 ETH during the ICO era. The purchase price at the time was $620 at GENESIS and is now valued at $5.34M. As of today, Ethereum is down by 0.89% and is trading at $2,629.
