Ancient Ethereum Whale Unloads Massive Stash

An ancient Ethereum (ETH) whale has made a significant move in the market. According to on-chain analyst Ai Yi, this whale purchased 560,000 ETH back in 2015 and has recently transferred 133,298 ETH worth $356 million at an average cost as low as $0.31.

This transaction marks the first time in four years that this whale executed a single transaction valued at over $100 million.

The transfer was made to a new address, 0x69e...27e93, and is seen as a notable move in the Ethereum market.