Golden Finance reports that Lookonchain monitoring indicates a whale holding 398,891 ETH (1.14 billion USD) has begun to sell after being dormant for over 8 years. In the past 6 hours, 13,400 ETH (37.38 million USD) have been sold at an average selling price of 2,790 USD. On-chain monitoring has identified 28 wallets that began accumulating ETH in January 2016, with an average ETH cost of about 3.5 USD. All 28 wallets transferred their ETH to a new wallet in August 2016, and these 28 wallets likely belong to the same giant whale.