๐จ Dormant $ETH Whale Awakens: $620 Turns Into $5.13 Million! ๐จ
A crypto legend just came back to life โ and the market is watching closely.
After nearly 10 years of silence, an early Ethereum ICO participant just moved 2,000 ETH โ worth a staggering $5.13 million โ to Binance. ๐
๐ฐ The Backstory:
This wallet grabbed 2,000 ETH during Ethereumโs 2015 ICOโฆ
โช๏ธ Initial Spend: $620
โช๏ธ Price Then: ~$0.31
โช๏ธ ETH Price Now: ~$2,565
โช๏ธ Return: +8270% โ pure HODL gold.
Now, that same OG just hit send โ and the market knows what that means.
๐ง Why It Matters:
When whales move, markets react.
โช๏ธ Exchange Deposits = Sell Signals
โช๏ธ Could trigger short-term pullbacks
โช๏ธ Reflects confidence in current liquidity zones
โช๏ธ May hint at macro caution (elections, rate policy, global unrest)
๐ ETH Technical Snapshot:
โช๏ธ Support Levels: $2,420 / $2,300
โช๏ธ Resistance Zones: $2,650 / $2,820
โช๏ธ RSI: Neutral, with slight selling pressure
โช๏ธ MACD: Bearish crossover forming on hourly charts
โ ๏ธ Bigger Question:
Is this just one whale cashing out?
Or are we witnessing the start of a broader OG sell wave โ as early adopters finally realize massive gains?
๐ Either wayโฆ the game is changing.
๐ Whatโs your take? Bullish retest or whale-driven shakeout?