Ethereum ICO Whale Deposits 2,118.65 ETH Worth $4.993 Million to Coinbase

  • An Ethereum ICO whale deposited 2,118.65 ETH into Coinbase after five years of dormancy.
  • 40,042 ETH were originally acquired at prices as low as $0.31 each.
  • The whale consolidated holdings from five addresses into one wallet for management.

An Ethereum whale who participated in the 2015 ICO sold 2,118.65 ETH worth approximately $4.993 million after five years of dormancy, depositing the tokens into Coinbase. The wallet originally subscribed to 40,042 ETH at prices as low as $0.31 per token, implying an estimated 7,601.24-fold return if the full holding were liquidated. The whale consolidated funds from five separate addresses into one wallet for management. On-chain analyst Ai Yi flagged the activity about five hours after the transfer occurred.

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