Ethereum ICO-era whale address transfers 145,000 ETH weeks before the Merge
Cointelegraph
Published Aug 15, 2022 06:46AM ET
Updated Aug 15, 2022 01:20PM ET
An Ethereum whale wallet that participated in the genesis initial coin offering (ICO) and obtained about 150,000 Ether (ETH) in 2014 was activated again on Aug. 14 after three years of dormancy.
The whale address transferred 145,000 ETH to multiple wallets as the price of Ether surged to a new three-month high of over $2,000. The transfers were made in batches of 5,000 ETH, with a few transfers of over 10,000 ETH. The total value of the transferred Ether is over $280 million, and the wallet address currently has a balance of 0.107 ETH.
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Written By: Cointelegraph
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