The Ethereum whale address that has been dormant for more than 8 years has started selling more than 11,000 ETH

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According to @EmberCN, as ETH surged 12% today, an address that had hoarded 11,004.9 ETH at a price of $3.45 over 8 years ago has ended its dormancy and started selling these ETH on the chain. So far, it has sold 5,485 ETH for $15 million USDC in an hour and a half, at a selling price of $2,736.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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