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

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'


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