BPOI Banner
Whale That Accumulated Ethereum at $11.21 Unloads ETH After Lying Dormant for Over Eight Years: On-Chain Data Whale That Accumulated Ethereum at $11.21 Unloads ETH After Lying Dormant for Over Eight Years: On-Chain Data

Whale That Accumulated Ethereum at $11.21 Unloads ETH After Lying Dormant for Over Eight Years: On-Chain Data

A crypto whale that went inactive for about eight years just woke up from their slumber to move tens of millions of dollars in Ethereum (ETH).

Data from the blockchain tracking platform Arkham shows that an Ethereum whale loaded up 16,636 ETH worth about $186,840 in 2015 from the Switzerland-based crypto exchange ShapeShift.

The numbers suggest that the entity’s average cost to accumulate the ETH stack is about $11.21.

After hoarding ETH from ShapeShift, the whale sent the Ethereum trove to another address where it was untouched for eight years.

But that changed about a day ago when the deep-pocketed investor abruptly relocated the ETH stack to a Gnosis Safe wallet where it was converted into Wrapped Ethereum (WETH), an ERC-20 token pegged 1:1 to the value of Ethereum.

Arkham’s data shows that the whale unloaded about 788 ETH using the trading platform CoW Protocol to pocket $1.83 million in the stablecoin USDT. At time of writing, the whale still holds 15,848 WETH worth $36.43 million.

The blockchain analytics firm notes that the entity currently holds $38.258 million worth of crypto assets, indicating that the deep-pocketed investor made over 20,300% gains from their initial investment.

The whale’s sudden movement comes as Ethereum struggles to maintain bullish momentum this year. ETH started the year trading at $2,279 before rising to as high as $4,070 in March.

But Ethereum has given up most of its gains since and is trading at $2,290 at time of writing.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney



Source link

Henry Kanapi

https://dailyhodl.com/2024/09/17/whale-that-accumulated-ethereum-at-11-21-unloads-eth-after-lying-dormant-for-over-eight-years-on-chain-data/

2024-09-17 09:15:52

bitcoin
Bitcoin (BTC) $ 94,204.24 0.64%
ethereum
Ethereum (ETH) $ 3,230.17 2.33%
tether
Tether (USDT) $ 0.999966 0.01%
xrp
XRP (XRP) $ 2.34 0.63%
bnb
BNB (BNB) $ 693.44 0.77%
solana
Solana (SOL) $ 185.73 3.67%
dogecoin
Dogecoin (DOGE) $ 0.331332 1.98%
usd-coin
USDC (USDC) $ 1.00 0.01%
cardano
Cardano (ADA) $ 0.91897 4.71%
staked-ether
Lido Staked Ether (STETH) $ 3,228.10 2.39%
tron
TRON (TRX) $ 0.242639 0.40%
sui
Sui (SUI) $ 4.97 2.46%
avalanche-2
Avalanche (AVAX) $ 36.42 3.63%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,861.95 0.98%
the-open-network
Toncoin (TON) $ 5.34 1.19%
shiba-inu
Shiba Inu (SHIB) $ 0.000021 1.29%
chainlink
Chainlink (LINK) $ 19.90 2.78%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 94,084.21 0.34%
stellar
Stellar (XLM) $ 0.40454 1.11%
hedera-hashgraph
Hedera (HBAR) $ 0.277424 2.41%
polkadot
Polkadot (DOT) $ 6.63 2.42%
weth
WETH (WETH) $ 3,231.41 1.99%
bitcoin-cash
Bitcoin Cash (BCH) $ 439.31 1.00%
leo-token
LEO Token (LEO) $ 9.37 3.01%
bitget-token
Bitget Token (BGB) $ 6.97 5.84%
uniswap
Uniswap (UNI) $ 13.49 0.08%
litecoin
Litecoin (LTC) $ 103.70 1.95%
pepe
Pepe (PEPE) $ 0.000018 0.45%
hyperliquid
Hyperliquid (HYPE) $ 19.96 9.63%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,414.73 2.28%
near
NEAR Protocol (NEAR) $ 5.03 2.10%
usds
USDS (USDS) $ 1.00 0.03%
ethena-usde
Ethena USDe (USDE) $ 0.999425 0.24%
aptos
Aptos (APT) $ 8.89 0.93%
internet-computer
Internet Computer (ICP) $ 10.15 5.38%
aave
Aave (AAVE) $ 281.91 5.70%
mantle
Mantle (MNT) $ 1.16 1.93%
crypto-com-chain
Cronos (CRO) $ 0.142012 0.16%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.453081 1.97%
ethereum-classic
Ethereum Classic (ETC) $ 25.25 1.72%
mantra-dao
MANTRA (OM) $ 3.87 3.01%
render-token
Render (RENDER) $ 7.11 6.03%
vechain
VeChain (VET) $ 0.044443 3.46%
monero
Monero (XMR) $ 195.11 0.02%
bittensor
Bittensor (TAO) $ 432.31 4.34%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.33 3.06%
dai
Dai (DAI) $ 1.00 0.02%
tokenize-xchange
Tokenize Xchange (TKX) $ 41.32 3.07%
filecoin
Filecoin (FIL) $ 5.13 1.57%
arbitrum
Arbitrum (ARB) $ 0.734682 5.02%
bitcoin
Bitcoin (BTC) $ 94,204.24 0.64%
ethereum
Ethereum (ETH) $ 3,230.17 2.33%
tether
Tether (USDT) $ 0.999966 0.01%
xrp
XRP (XRP) $ 2.34 0.63%
bnb
BNB (BNB) $ 693.44 0.77%
solana
Solana (SOL) $ 185.73 3.67%
dogecoin
Dogecoin (DOGE) $ 0.331332 1.98%
usd-coin
USDC (USDC) $ 1.00 0.01%
cardano
Cardano (ADA) $ 0.91897 4.71%
staked-ether
Lido Staked Ether (STETH) $ 3,228.10 2.39%
tron
TRON (TRX) $ 0.242639 0.40%
sui
Sui (SUI) $ 4.97 2.46%
avalanche-2
Avalanche (AVAX) $ 36.42 3.63%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,861.95 0.98%
the-open-network
Toncoin (TON) $ 5.34 1.19%
shiba-inu
Shiba Inu (SHIB) $ 0.000021 1.29%
chainlink
Chainlink (LINK) $ 19.90 2.78%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 94,084.21 0.34%
stellar
Stellar (XLM) $ 0.40454 1.11%
hedera-hashgraph
Hedera (HBAR) $ 0.277424 2.41%
polkadot
Polkadot (DOT) $ 6.63 2.42%
weth
WETH (WETH) $ 3,231.41 1.99%
bitcoin-cash
Bitcoin Cash (BCH) $ 439.31 1.00%
leo-token
LEO Token (LEO) $ 9.37 3.01%
bitget-token
Bitget Token (BGB) $ 6.97 5.84%
uniswap
Uniswap (UNI) $ 13.49 0.08%
litecoin
Litecoin (LTC) $ 103.70 1.95%
pepe
Pepe (PEPE) $ 0.000018 0.45%
hyperliquid
Hyperliquid (HYPE) $ 19.96 9.63%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,414.73 2.28%
near
NEAR Protocol (NEAR) $ 5.03 2.10%
usds
USDS (USDS) $ 1.00 0.03%
ethena-usde
Ethena USDe (USDE) $ 0.999425 0.24%
aptos
Aptos (APT) $ 8.89 0.93%
internet-computer
Internet Computer (ICP) $ 10.15 5.38%
aave
Aave (AAVE) $ 281.91 5.70%
mantle
Mantle (MNT) $ 1.16 1.93%
crypto-com-chain
Cronos (CRO) $ 0.142012 0.16%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.453081 1.97%
ethereum-classic
Ethereum Classic (ETC) $ 25.25 1.72%
mantra-dao
MANTRA (OM) $ 3.87 3.01%
render-token
Render (RENDER) $ 7.11 6.03%
vechain
VeChain (VET) $ 0.044443 3.46%
monero
Monero (XMR) $ 195.11 0.02%
bittensor
Bittensor (TAO) $ 432.31 4.34%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.33 3.06%
dai
Dai (DAI) $ 1.00 0.02%
tokenize-xchange
Tokenize Xchange (TKX) $ 41.32 3.07%
filecoin
Filecoin (FIL) $ 5.13 1.57%
arbitrum
Arbitrum (ARB) $ 0.734682 5.02%