CandleFocus

Ancient ETH Wallet Awakens with 1,092,728% Profit As Ethereum Plunges

Whale Alert, a blockchain tracking platform, has identified an ancient cryptocurrency whale holding millions of dollars worth of Ethereum. The whale, who was an Ethereum ICO participant, woke up after 9.4 years of inactivity and transferred 1,940 ETH to a new wallet. The ETH received in the ICO, which cost $601, is now worth $6.56 million, representing a surge in value of over 1,092,000%. In other news, there has been high whale activity in Ethereum this week, with large ETH transactions taking place on Binance and between two anonymous wallets. Ethereum's price has experienced a recent decline of approximately 5% but has since risen marginally by 3%. Additionally, Blackrock's Ethereum ETF has seen significant inflows, surpassing its Bitcoin ETF counterpart.

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