2017 BAT ICO whale sells 12,586 ETH after six years dormant

A whale linked to the 2017 Basic Attention Token, or BAT, initial coin offering reactivated after about six years of dormancy and sold 12,586 ETH over two days, according to on-chain analyst Ember. The address originally spent 17,789 ETH, then worth $4.12 million, to buy 113.8 million BAT in May 2017, later sold those BAT holdings at an average price of $0.245 for a reported $23.77 million profit, and most recently sold ETH at an average $1,636 for 20.59 million USDS. The wallet still holds 15,000 ETH worth about $24.29 million. Separately, Odaily said Lookonchain identified another dormant whale, address 0x0965, that sold 27,585 ETH over the past two days at an average price of $1,625, worth $44.84 million, after seven years of inactivity. The whale realized more than $39 million in profit, though its unrealized profit had once exceeded $130 million. Other reports about whales depositing ETH to Binance, including a 2,010 ETH transfer after seven months of inactivity and a 6,855.13 ETH move by a Hyperliquid-linked trader, reflect broader market attention to large exchange inflows, though deposits alone do not confirm sales.