Ethereum Whale Transfers 2,000 ETH After Decade-Long Hold
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A long-dormant Ethereum presale wallet (0x158) moved 1,998 ETH after more than 10 years, followed by two 1 ETH transfers, Arkham monitoring shows. The coins were bought in the 2014 Ethereum token sale (July 22–Sept 2) at about $0.31 each for roughly $620 and are worth about $4.2 million today; this whale wallet movement is a notable crypto/ETH market event that is neutral-to-negative for near-term price pressure.
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- An address beginning with 0x158 moved nearly 2,000 ETH after more than 10 years.
- Arkham data showed the ETH was bought during Ethereum’s 2014 presale at about $0.31 per coin.
- Ethereum’s 2014 token sale ran from July 22 to September 2, with ETH priced around $0.31.
A long-dormant Ethereum presale wallet moved nearly 2,000 ETH after holding the coins for more than a decade, turning one of Ethereum’s earliest purchases into a multimillion-dollar position.
Arkham monitoring showed that the address, starting with 0x158, bought the ETH during the 2014 Ethereum presale at about $0.31 per token. At current prices, the transfer was worth around $4.2 million, compared with an original cost of roughly $620.
Presale Wallet Moves After 10 Years
Data showed the old wallet moved 1,998 ETH to another address, followed by two smaller 1 ETH transfers. The larger transfer…
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