After 8 years of hibernation, an ETH whale has begun selling its holdings of $ETH .
8 years ago, this whale received 12,229 $ETH, worth $149,000, from @ShapeShift, at an average price of $12.22.
6 hours ago, the wallet transferred all its ETH to a new address and started selling.
So far, it has sold 3,367.5 ETH for $10.16 million, at an average price of $3,018. The wallet still holds 8,862 $ETH, worth $27 million.
Key Point: The address @ShapeShift was funded by an ETH ICO participant who received 32,000 $ETH, of which 5,000 $ETH was transferred to @ShapeShift, the remainder to @Gatecoin, and 0.95 ETH was transferred to @CumberlandSays OTC.
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