The whale who hoarded 398,891 ETH at a cost price of $3.5 began to sell, and 13,400 ETH has been sold in the past 6 hours

According to Odaily Odaily, a whale with 398,891 ETH (US$1.14 billion) began selling today after more than 8 years of dormancy, according to Lookonchain monitoring. In the past 6 hours, 13,400 ETH (US$37.38 million) have been sold, with an average selling price of US$2,790. On-chain monitoring identified 28 wallets, all of which began accumulating ETH in January 2016, with an average ETH cost of about US$3.5. All 28 wallets transferred ETH to new wallets in August 2016, and these 28 wallets are likely to belong to the same whale.