3 Ethereum Addresses Dormant for Over 8 Years Sell 44,706 ETH Amid Latest Price Surge

3 Ethereum Addresses Dormant for Over 8 Years Sell 44,706 ETH Amid Latest Price Surge

Three dormant Ethereum addresses emerged from a multi-year hibernation to sell large amounts of ETH following the recent spike in the price of ETH.

Two long-term $ETH holders unloaded 33,701 $ETH ($89.72M) as the price surged 13.75% in 24 hours:

1/ Ethereum ICO whale “0xB8c” sent 25,000 $ETH ($65.67M) to #Kraken at ~$2,627, leaving 64,450 $ETH ($181.2M).

2/ Whale “0x0c1” returned after 8.75 years to sell 8,701 $ETH for…

— Spot On Chain (@spotonchain) November 7, 2024

After the $ETH price rose, a whale dormant for 8 years sold 11,005 $ETH($30.56M) at $2,777 over the past 2 hours!

This whale accumulated 11,005 $ETH($38K at the time) from #ShapeShift at $3.46 per ETH in 2016.

The profit？ $30.52M — an 802x return!

— Lookonchain (@lookonchain) November 7, 2024

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