In brief
- An Ethereum ICO whale from 2015 moved $645 million worth of ETH from three wallets to a staking service.
- The whale still holds $1.1 billion in ETH.
- A Myriad Linea prediction market shows more than 70% of respondents believing that ETH will hit $5,000 by year’s end.
An Ethereum whale that scooped up one million ETH during the ICO in 2015 has moved $645 million worth of funds from three wallets to a staking service, onchain data shows.
The whale movement was initially spotted by EmberCN. The account noted that the whale appears to still hold $1.1 billion worth of ETH after having initially acquired one million ETH in the ICO.
In recent months, investor optimism about Ethereum has soared following the passage of crypto regulation that should benefit the network, and amid rapidly growing institutional interest in the asset that has fueled massive inflows into ETH exchange-traded funds.
Ethereum was recently trading just below $4,300, down slightly over the past 24 hours, according to crypto price aggregator Coin
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Author: Stacy Elliott
