The whale, which accumulated 398,891 ETH at a cost price of $3.5, has started to sell off, having sold 13,400 ETH in nearly 6 hours. A whale holding 398,891 ETH (worth $1.14 billion) began selling today after being dormant for over 8 years. In the past 6 hours, 13,400 ETH (worth $37.38 million) has been sold at an average sale price of $2,790. On-chain monitoring has identified 28 wallets that began accumulating ETH in January 2016, with an average ETH cost of about $3.5. All 28 wallets transferred ETH to new wallets in August 2016, likely indicating they belong to the same whale.

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