An Ethereum user who participated in the genesis ICO 10 years ago suddenly transferred 1 ETH from a dormant wallet, reaping a profit of 787,000%.
The user turned a $310 investment into $2.44 million as ETH currently trades at $2,459, marking the end of a decade-long slumber for the whale.
Such transactions by early adopters can impact market sentiment, with speculation that the whale's transfer may signal preparation to sell holdings.
Another whale also moved $12 million worth of Ether to the Kraken exchange recently, while predictions suggest Solana's SOL could surpass ETH in market cap.