In recent days, the transfers of altcoin whales that have been holding Ethereum (ETH) since the pre-sale process draws attention. Long-term investors, who have not moved the altcoins in their wallets for years, have started to move their coins to other addresses.
On-chain tracker Lookonchain has detected that the long-term investor has transferred tokens in his hands.
An Ethereum ICO participant woke up after 8 years of dormancy, transferred 641 $ETH out, and started staking.
He received 2K $ETH($3.7M currently) at Ethereum Genesis, the ETH ICO price is ~$0.31.https://t.co/hGoCb22LVr pic.twitter.com/ZO09r9uFMd
— Lookonchain (@lookonchain) July 31, 2023
The investor, who bought his ETH coins in the pre-sale process 8 years ago, sent 641 Ethereum to another address to stake. Paying $0.31 per unit for the leading cryptocurrency, the whale bought 2,000 Ethereums. The current value of the tokens in the hands of the whale is around 2 million dollars.
Last week, another whale awakened from hibernation, which hasn’t moved since the pre-sale process.
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