An Ethereum (ETH) whale attracted attention with the transfer of $ 290 million after approximately 7 years.
According to data provided by on-chain analysis platform Lookonchain, a whale wallet associated with the Ethereum Foundation has been dormant for a long time and has finally become active again.
As the first transaction after waking up from its sleep, the whale transferred 92,500 ETH to a new address worth approximately $290 million. At the new address, the assets remain quite passive.
This wallet first received 96,474 ETH worth $130,320 from the Ethereum Foundation on September 1, 2015. However, it was not clear why these 92,000 ETH were moved after 7 years.
Following the launch of Ethereum ETFs, prices increased. Ethereum ETFs, launched on July 23, broke out on the second and third trading days. However, prices seem unlikely to fall below $3,000, registering a significant recovery in the last 24 hours.
With a 3% increase in the last 24 hours, Ethereum is currently trading at $3,274 at press time.
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