A dormant whale who received 16,636 ETH from ShapeShift in February 2016 has started moving his assets after re-awakening eight and a half years later.
On-chain data shows that the dormant whale made his first transaction in over eight years on September 15 at 7:25 PM (UTC). The wallet moved the 16,636 ETH through three different addresses to their new destination, “0x34…e0ba.”
The diamond-handed whale started selling his Ethereum stash on Sunday, 2,953 days after it received the tokens. Further analysis from Arkham shows that the wallet converted most of his ETH stash to wrapped Ethereum and held 16,199 wETH at the time of writing.
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