A decade-old ETH whale is finally on the move. Russell Verbeeten, a former ConsenSys ambassador, has kicked off his first major ETH transfer activity in over a year , and the coins trace back to some of Ethereum's earliest days.
Around 9 hours ago, he withdrew 20,426
$ETH (worth roughly $37.26M) from Aave and split the funds across 10 newly created wallets. So far, only a small portion appears to have headed toward an exchange.
One of the new addresses, 0x3532...79A09, deposited 4,144 ETH into Coinsquare, while the remaining
#ETH distributed across the other wallets has yet to be moved or sold.
The ETH can reportedly be traced back nearly 10 years, with an estimated acquisition cost of just $5.60 per ETH. At current prices, that's the kind of return most investors can only dream about.
Whether this is the start of a larger distribution or simply a wallet reorganization remains unclear. But whenever an OG Ethereum holder starts moving tens of millions in ETH after years of inactivity, the market pays attention.
Address: 0x955a27306f1eb21757CCBD8Daa2de82675AaBC36