{"id":18381,"date":"2024-11-07T10:12:58","date_gmt":"2024-11-07T08:12:58","guid":{"rendered":"https:\/\/forklog.com\/en\/ethereum-whale-sells-assets-after-eight-year-hiatus\/"},"modified":"2024-11-07T10:12:58","modified_gmt":"2024-11-07T08:12:58","slug":"ethereum-whale-sells-assets-after-eight-year-hiatus","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/ethereum-whale-sells-assets-after-eight-year-hiatus\/","title":{"rendered":"Ethereum Whale Sells Assets After Eight-Year Hiatus"},"content":{"rendered":"<p>On November 7, as Ethereum&#8217;s price surged to $2800, a whale holding 398,891 ETH ($1.14 billion) began liquidating assets after eight years of inactivity, according to analysts at Lookonchain.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">A whale with 398,891 <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a>($1.14B) began selling today after being dormant for over 8 years!<\/p>\n<p>In the past 6 hours, 13,400 <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a>($37.38M) has been sold at an average price of $2,790.<\/p>\n<p>We identified 28 wallets that all started accumulating <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a> from <a href=\"https:\/\/twitter.com\/hashtag\/ShapeShift?src=hash&#038;ref_src=twsrc%5Etfw\">#ShapeShift<\/a> in January 2016, at an\u2026 <a href=\"https:\/\/t.co\/cy4C0EmuJh\">pic.twitter.com\/cy4C0EmuJh<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1854405286926463180?ref_src=twsrc%5Etfw\">November 7, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Within a few hours, the whale sold 13,400 ETH ($37.38 million) at an average price of $2790.<\/p>\n<p>Analysts identified 28 wallets likely belonging to this whale, which had been accumulating assets on the ShapeShift platform since January 2016, when the coin was valued at $3.5. In August of the same year, the trader transferred the entire deposit to new wallets.<\/p>\n<p>Previously, this user sold 11,005 ETH ($30.56 million) at $2777, achieving an 802-fold profit.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">After the <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a> price rose, a whale dormant for 8 years sold 11,005 <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a>($30.56M) at $2,777 over the past 2 hours!<\/p>\n<p>This whale accumulated 11,005 <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a>($38K at the time) from <a href=\"https:\/\/twitter.com\/hashtag\/ShapeShift?src=hash&#038;ref_src=twsrc%5Etfw\">#ShapeShift<\/a> at $3.46 per ETH in 2016.<\/p>\n<p>The profit? $30.52M \u2014 an 802x return!<a href=\"https:\/\/t.co\/f8CtLHvx2t\">https:\/\/t.co\/f8CtLHvx2t<\/a> <a href=\"https:\/\/t.co\/MKB15m19oR\">pic.twitter.com\/MKB15m19oR<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1854352795249647631?ref_src=twsrc%5Etfw\">November 7, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Meanwhile, analysts at OnchainLens noted that Ethereum co-founder Vitalik Buterin <a href=\"https:\/\/etherscan.io\/address\/0x181195b8c3e73cfa0ff03840d4cb57c6a8f38ba9#tokentxns\">deposited<\/a> 2.09 million STRK ($799,000) into the Binance exchange.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Just In: Vitalik (<a href=\"https:\/\/twitter.com\/VitalikButerin?ref_src=twsrc%5Etfw\">@VitalikButerin<\/a>) has deposited 2.09M <a href=\"https:\/\/twitter.com\/search?q=%24STRK&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$STRK<\/a>, worth $799K, into <a href=\"https:\/\/twitter.com\/hashtag\/Binance?src=hash&#038;ref_src=twsrc%5Etfw\">#Binance<\/a>.<a href=\"https:\/\/twitter.com\/hashtag\/Vitalik?src=hash&#038;ref_src=twsrc%5Etfw\">#Vitalik<\/a> received these tokens over the last 5 months when they were worth $1.51M, currently incurring a loss of $714K.<\/p>\n<p>He still has 15,862 <a href=\"https:\/\/twitter.com\/search?q=%24STRK&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$STRK<\/a>, worth $6K\u2026 <a href=\"https:\/\/t.co\/ha8gd50xVq\">pic.twitter.com\/ha8gd50xVq<\/a><\/p>\n<p>\u2014 Onchain Lens (@OnchainLens) <a href=\"https:\/\/twitter.com\/OnchainLens\/status\/1854126484971286930?ref_src=twsrc%5Etfw\">November 6, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>He received these tokens over the past five months when they were valued at $1.51 million. The current unrealized loss stands at $714,000.\u00a0<\/p>\n<p>Buterin retains an additional 15,862 STRK worth $6000.<\/p>\n<p>Previously, Bitcoin reached a new all-time high of $76,243 amid the US elections.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On November 7, as Ethereum&#8217;s price surged to $2800, a whale holding 398,891 ETH ($1.14 billion) began liquidating assets after eight years of inactivity, according to analysts at Lookonchain. A whale with 398,891 $ETH($1.14B) began selling today after being dormant for over 8 years! In the past 6 hours, 13,400 $ETH($37.38M) has been sold at [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":18380,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1227,46,1177,200],"class_list":["post-18381","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-transactions","tag-ethereum","tag-starknet","tag-vitalik-buterin"],"aioseo_notices":[],"amp_enabled":true,"views":"14","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/18381","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=18381"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/18381\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/18380"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=18381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=18381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=18381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}