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Dormant ICO Era Whale Wallet Wakes Up, Transfers $80M Ethereum

Published 24/01/2023, 11:19
Dormant ICO Era Whale Wallet Wakes Up, Transfers $80M Ethereum
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Benzinga - A mysterious whale wallet that was active during the ICO period transferred large amounts of Ethereum (CRYPTO: ETH).

What Happened: The wallet, which had been dormant for six years, suddenly moved almost 50,000 Ethereum worth approximately $80 million to staking.

See Also: Best Crypto Day Trading Strategies

On-chain data shows that the wallet then received 120,000 ETH at Genesis from three wallets. Soon, the whale made an even bigger splash, moving $53 million worth of funds received from Genesis to a new wallet address.

Price Action: Ethereum was trading at $ 630, down 0.15% in the last 24 hours, according to Benzinga Pro data.

Read Next: Bitcoin Hovers Near $23k, Ethereum, Dogecoin Fall Amid Gemini Job Cuts Report: Analyst Says 'A Lot Could Still Go Wrong'

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

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