Here comes something interesting — an old player who got on board ETH in 2016, with a cost so low it’s ridiculous, only $203 per coin. This guy started making moves in the last month, quietly selling 7,000 coins through a certain market maker, at an average price of around $3024. If you calculate it, if he really sells, this wave could bring in nearly $20 million in profit.

Just an hour ago, this "Ancient Giant Whale" transferred another 1000 ETH to the same channel, worth approximately 3 million dollars at the current price. The method is quite stable, distributing in batches without crashing the market.

Currently, there are still 26,992 ETH lying in this wallet, with a market value of over 80 million dollars. Holding the coins for nearly nine years without clearing out, it’s either true belief or waiting for a higher price. Anyway, every move of this old investor is something the market has to pay attention to.