TechFlow reports, according to Emberscan monitoring, an ancient whale that received 16,636 ETH in February 2016 at a price of $5.23 per unit from ShapeShift has begun selling these ETH after 8 and a half years.
After holding the assets since receipt, he transferred all 16,636 ETH (worth approximately $39.62 million) four hours ago to address 0xe3e...566, then sold 350 ETH at $2,340 per ETH. The initial value of these 16,636 ETH was only $87,135; they are now worth as much as $38.92 million—an increase of 446 times.
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