$ETH Genesis Whale Moves $2.2 Million After 10-Year HODL Streak
An #Ethereum address holding 900
$ETH started moving coins Monday after spending nearly 10 years dormant.
The holder received these "genesis coins" in 2015 when
$ETH traded below 50 cents.
These pre-mined tokens were distributed to early Ethereum contributors before mining began.
Their current value reaches $2.2 million with
$ETH trading around $2,529 per coin.
This represents potential gains exceeding 5,000% from the original sub-dollar entry price.
The move follows similar whale activity, including a $27.6 million Ethereum sale in April.
Last week saw a #Bitcoin whale move $8 billion after 14 years of #hodling.
$ETH remains 48% below its 2021 all-time high of $4,878 despite recent stability.
The holder technically isn't a whale, which requires a minimum of 10,000
$ETH at current #prices.
