From $620 to $5.13 Million — Dormant Ethereum ICO Whale Just Woke Up!
In a jaw-dropping move that’s sending shockwaves through the crypto community, an early Ethereum ICO participant — who has been dormant for nearly a decade — has just sent all 2,000 ETH (worth $5.13 million) to Binance in the last 48 hours.
💸 From HODL to Gold
Back in the early days of Ethereum’s ICO in 2015, this whale invested just $620 to grab 2,000 ETH. Now, after 10 years of silence, they’re exiting with a staggering 8270x return.
Initial Spend: $620
ETH Price Then: ~$0.31
ETH Price Now: ~$2,565
Current Value: $5.13M
This move signals that long-term HODLers are starting to realize profits, possibly in response to rising geopolitical tension, looming macro uncertainty, or expected volatility heading into the U.S. elections.
🧠 What This Means for the Market:
Whale Exits can cause price pullbacks — especially when large sell-offs occur on exchanges like Binance.
It reflects growing confidence in liquidity at current price levels, even as ETH has struggled to reclaim $3K.
📊 ETH Technical Check:
Support Levels: $2,420 / $2,300
Resistance Ahead: $2,650 / $2,820
RSI: Neutral zone, slight sell pressure visible
MACD: Bearish crossover forming on the hourly
With whales finally cashing in their decade-old bags, is it a sign of distribution at the top — or just the beginning of a wider wave of OG awakenings?