Dormant Ethereum ICO whale moves 5,000 ETH after 11 years, sends 1,500 to CEX
- —The whale bought 100,000 ETH for $31,000 at $0.311 in the 2015 ICO
- —It sold half six months later at $5.47 for a 17x gain
- —The remaining 50,000 ETH sat idle for 11 years until today
- —5,000 ETH moved in two hours, with 1,500 ETH worth $3.45 million sent to a CEX
Why it matters: Moving long-dormant coins to an exchange often precedes a sale and could add selling pressure on ETH near $2,300.
Source: PANews