Ethereum ICO Whale Moves $645 Million in ETH to Staking
- A whale from the ICO era moved $645 million worth of ETH from three wallets to a staking service.
- The whale still holds $1.1 billion in ETH after initially acquiring one million ETH during the ICO.
- Ethereum recently traded below $4,300, down slightly over the past day but up over 71% in three months.
- A Myriad Linea prediction market shows that over 70% of respondents believe ETH will hit $5,000 by year’s end.
An Ethereum whale from the ICO period has moved a substantial amount of ETH to a staking service while maintaining significant holdings worth $1.1 billion. Despite recent fluctuations, investor confidence remains high with many predicting further price increases for Ethereum by year-end.
This movement highlights ongoing interest and activity within the Ethereum network, reflecting broader market optimism and potential future gains for ETH investors as it approaches key price milestones like $5,000. Source
