U.Today - blockchain sleuth, which traces down large transfers of digital currencies, has spotted a pre-mine ETH wallet awakened after years of dormancy. This address contains a large stash of — 2,000 coins. At the present exchange rate, they are worth $3,198,920.
Pre-mine ETH whale transfers its funds
EthereumAnother source on the X app, @lookonchain "Smart Money" tracker, has added details about this awakened ETH wallet, stating that it moved all of its 2,000 ETH to four different blockchain addresses.
The X post also says that this whale obtained this much ETH at Ethereum Genesis. Back then, 2,000 ETH was worth $620.
Ethereum price action
Prior to that, at the start of the week, Ethereum sharply declined by 3.96% along with Bitcoin after the news about the SEC regulator approving BlackRock (NYSE:BLK)'s Bitcoin ETF filing proved to be fake.
At the time of this writing, ETH is changing .
In the meantime, large-tier whales who hold at least 1 million ETH to a total of 32.3% of the whole circulating supply — this has happened for the first time since 2016. Earlier this week, transfers carrying more than $1 million worth of Ethereum were spotted by the on-chain data company Santiment.