u.today
According to data provided by Lookonchain, a whale from the initial coin offering (ICO) era recently woke up from hibernation after 10 years of inactivity.
The whale in question secured a profit of 787,000%, turning $310 into a whopping $2.44 million.
The long-dormant address finally came to life on Sunday with a relatively small transfer of 1 ETH.
Ethereum (ETH) is currently changing hands at $107,490, according to CoinGecko data. The cryptocurrency is down by 1% over the past 24 hours.
In the meantime, as reported by U.Today, Ethereum accumulation just reached a new high of the current cycle.