Ethereum

<ul><li>An Ethereum investor deposits 238.75 ETH worth $770,000 to Coinbase after 8.6 years of silence.</li><li>The investor’s massive ETH move follows Ethereum’s substantial hike above the $3.2k level.</li><li>According to Whale Alert, another dormant whale holding 100 ETH reactivated their address after 8.5 years.</li></ul>Ethereum has been recently creating waves in the crypto space, with its price hovering above $3.2K. Massive whale transactions involving Ethereum add more intrigue to the prevailing bullish trend in the ETH market.In a recent X post, crypto analytics platform Lookonchain shared insights on an early Ethereum initial coin offering (ICO) participant’s staggering Ethereum transfer. After 8.6 years of dormancy, the whale deposited 238.75 ETH, worth approximately $770,000, to Coinbase.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/804d00100bb14335921a8ea60cf5afe1.png" />According to the post, the investor initially purchased these ETHs at the genesis of the cryptocurrency at a price of around $0.31 per token. Nearly a decade later, the investor moved them into Coinbase when ETH’s price surged past $3,200, showing the whopping ascendance of the coin. Currently, ETH is<a href="https://coinmarketcap.com/currencies/ethereum/" rel="noopener noreferrer nofollow"> trading</a> at $3,232.50, marking a surge of 4.17% in one day, 10.55% in one week, and 42.91% in one month.<a href="https://cryptotale.org/dormant-ethereum-whale-deposits-770000-worth-eth-to-coinbase-report/" rel="noopener noreferrer nofollow">Read full article at CryptoTale.</a>

Dormant Ethereum Whale Deposits $770,000 Worth ETH to Coinbase: Report

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