Resurfacing Ethereum Whale Shakes Crypto Community with Million-Dollar Stake
An Ethereum "whale" from the network's early days has suddenly resurfaced after a long period of inactivity, staking a significant amount of ETH and sparking curiosity and speculation within the crypto community.
In a surprising twist, an Ethereum "whale" has made a remarkable comeback after being inactive for more than two years. This prominent investor, who played a significant role in Ethereum's initial coin offering (ICO), recently staked 4,032 ETH, equivalent to about $7.4 million, as reported by Lookonchain's data.
This substantial stake, executed just a few hours ago, has created a buzz of excitement and speculation within the crypto community. The whale's address was shared on Lookonchain's Twitter page, revealing their involvement in Ethereum's genesis phase—the early stage of the network when the Ethereum ICO took place. During this ICO, the investor had received an astounding 60,000 ETH by exchanging Bitcoin.
At the time of the tweet, the whale's Ethereum balance stood at 6.751 ETH, valued at approximately $12,288.33 based on the current price of Ethereum. The most recent transaction recorded for this address occurred about six hours prior, and it coincided with the stake of 4,032 ETH. It remains to be seen whether this activity signifies a larger trend among Ethereum ICO participants or if it is an isolated event. Only time will reveal the true nature of this occurrence.
