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Dormant Whale Sells $9.48M in Ethereum After Three Years Inactivity

A long-inactive Ethereum wallet liquidated over 2,000 ETH into stablecoins, while still retaining holdings valued above $12 million.

ETH
USDC
DAI

Summary

An Ethereum whale wallet, dormant for three years, sold 2,086 ETH at $4,544 each, converting the assets into $9.48 million in stablecoins, including DAI, USDC, and RLUSDC. Despite this transaction, the wallet still holds 2,779 ETH, valued at approximately $12.6 million.

Terms & Concepts
  • Whale Address: A cryptocurrency wallet holding large amounts of digital assets, often capable of influencing market movements through significant trades.
  • Stablecoin: A cryptocurrency pegged to a stable asset, such as the US dollar, to minimize price volatility.
  • ETH (Ethereum): The native cryptocurrency of the Ethereum blockchain, used for transactions, smart contracts, and decentralized applications.