Ethereum Whale Awakens with $356 Million Transfer

An Ethereum whale has transferred 133,298 ETH worth approximately $356 million to a new address. This move is significant as it marks the first single transaction of over $100 million in four years from this particular wallet.

The receiving address begins with 0x69e and is tied to an individual who participated in Ethereum's 2015 initial coin offering (ICO). During the ICO, this participant acquired 560,000 ETH at a cost of about $0.31 per token.

This transfer puts the holding back on the market's watchlist for further activity, as its size makes it noteworthy. However, it does not indicate whether the ETH will be sold, held, or transferred again.