A major ETH ICO participant who bought 560K $ETH in 2015 at $0.13 per token has just gotten active, per Scope Protocol. The ETH’s value stood at $2.6 billion in the then bull market, but fell down to $680 million in today’s bear market, states Scope Protocol.
After buying their ETH in 2015, the whale finally commenced transfers in April, May, and June 2022, per Scope Protocol. The recent transfer reportedly took place in January 2023. The total transfer value is reportedly 276.7K ETH (or $512 million), per Scope Protocol.
Reporting the massive ETH whale’s sudden activity, Scope Protocol tweeted:
A giant ETH ICO participant 9x1b3 become active recently👇.https://t.co/a15fpbLFl7
— 0xScope (@ScopeProtocol) January 5, 2023
He bought 560K $ETH (2.6B at the peak & 680M now) back in 2015 but never moved until four transfers out each in Apr/May/June 2022 and today.
The total transfer amount is 276.7K ETH ($512M). pic.twitter.com/wxzu5tMlj6
Scope Protocol states in a further tweet that the ETH whale first moved a couple of ETH to MakerDAO to mint DAI. The DAI then got transferred to their Kraken and Coinbase accounts, respectively. While from the ETH whale’s Genesis account a total of 13,103.99 ETH were transferred, from their Poloniex account, 9,878 ETH were transferred.
A December 2022 tweet from PeckShield Alert states 2 dormant addresses transferred 22,982 ETH (with trace origination from Genesis and Poloniex) to 2 fresh addresses.
PeckShield Alert tweeted:
#PeckShieldAlert 2 Dormant addresses transferred 22,982 $ETH (~27.2M) to 2 fresh addresses, their last movement was October 2018 (1,535 days ago).
— PeckShieldAlert (@PeckShieldAlert) December 19, 2022
These $ETH originated from Genesis and Poloniex pic.twitter.com/MXKpLnypif
The whale’s last ETH movement traces back to October 2018 (when ETH price stood in the $190 to $230 range), per PeckShield Alert.
Speculations from the community reportedly relate the tokens’ transfers to project funding collateral. But official details aren’t unveiled at press time.
