A million-dollar scam from an early Ethereum (ETH) investor.

In these days when Bitcoin (BTC) is breaking records one after another, eyes are turned to the performance of the ETH price. Affected by positive market conditions, $ETH has increased by 31.5 percent in the last week.

A whale woke up from its three-year sleep as ETH rose above $3,400. On-chain researcher Lookonchain announced that the whale in question purchased ETH from a pre-sale 10 years ago.

Ethereum (ETH) made whales nervous

The whale, who came under Lookonchain's radar, purchased $1,951 worth of ETH from a pre-sale he participated in in 2014. The 6,292 ETH purchased by the whale reached $20.15 million after recent increases. Lookonchain reported that the whale sent 1,555 ETH, equivalent to $4.86 million, to Coinbase.

Another transaction reflected in the blockchain records came from a whale with 398,891 ETH worth $1.28 billion. The whale in question has sold 46,853 ETH for 138.8 million USDC since November 7. Lookonchain reported that the giant whale sold his ETH for $2,920.

Tron founder Justin Sun also attracted attention with the transaction he made during the day. Bullish maximalist Sun sold 19,000 ETH following the recent increases. The crypto CEO earned $69.36 million from the sale in question.

According to CoinGecko data, ETH recorded a trading volume of $75.6 billion in the last 24 hours. ETH, which was traded at $2,700, reached a market value of $387 billion.

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