Wu said that according to Lookonchain monitoring, a long-silent Ethereum whale has recently become active, accumulating 398,889 ETH at an average cost of about $6 (worth $2.4 million at the time, currently worth $1.34 billion), and has sold for the first time after 8 years. Since November 7, this address has sold 73,356 ETH (worth about $224 million) and currently holds 325,533 $ETH (worth about $1.1 billion).