Investing & Markets

Ethereum Whale Awakens After 8 Years, Stakes $3B ETH

Ethereum Whale Awakens After 8 Years, Stakes $3B ETH

In a move that has sent ripples through the cryptocurrency community, a long-dormant Ethereum (ETH) holder, often referred to as a "whale" due to the immense size of their holdings, has unexpectedly become active after an eight-year hiatus. This early investor, who had remained quiet for nearly a decade, executed a significant transaction earlier today, moving approximately 200,000 ETH. At current market prices, this substantial transfer is valued at an impressive $800 million, immediately drawing the attention of on-chain analytics platforms and market observers. Further investigation by on-chain trackers has revealed that this particular investor controls a colossal sum of 736,316 ETH, distributed across eight distinct digital wallets. The collective value of these holdings now stands at an astonishing nearly $3 billion, underscoring the remarkable growth and appreciation of Ethereum since its early days. The sudden activation of these addresses is particularly noteworthy b…

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