PANews reported on September 27 that according to monitoring by on-chain analyst Ember, an early whale who hoarded 21,636 ETH at a price of $6.9 in 2016 sold 10,485 ETH in exchange for 27.53 million U in the past five days.
He withdrew 21,636 ETH from ShapeShift and Poloniex in 2016, with a total value of only $149,800 at the time and a price of $6.9.
It remained dormant until May this year when it woke up and started selling ETH for the first time: 2,900 ETH were sold at $2,980 in exchange for 8.64 million LUSD.
Including the ETH sold in the last five days, he has currently sold a total of 13,385 ETH in exchange for 36.17 million U, with an average selling price of US$2,703.
In 8 years, the value has increased from the initial US$149,800 to the current US$56.9 million.
