According to BlockBeats, on June 11th, a dormant Ethereum ICO participant transferred 2000 ETH to a CEX, valued at $7.36 million. This Ethereum address, which had been inactive for eight years, was monitored and reported by @ai_9684xtpa.
In addition to this, the same address transferred the remaining 3997 ETH to a new address. As of now, these funds have not been moved or sold. This significant transaction has caught the attention of the crypto community, as it involves a substantial amount of Ethereum that had been dormant for a long period. The reasons behind this sudden movement of funds remain unknown.