Dormant 9-year-old ETH whale moves nearly 3,000 coins to Coinbase with 250x profit
- —2,903 ETH worth about $7.22 million sent to Coinbase on October 10
- —Wallets had been inactive for more than nine years
- —Estimated profit of $7.19 million, roughly 250x the $9.9 entry price
- —No confirmed sale; the size is small relative to daily ETH liquidity
Why it matters: The transfer to an exchange may signal preparation to sell, but the amount is too small to materially move ETH's price.
Source: Siam Blockchain