TechFlow news, on November 7, according to Lookonchain monitoring, a whale holding nearly 400,000 ETH has begun large-scale selling after remaining dormant for over eight years. Within the past six hours, this whale has sold 13,400 ETH, worth approximately $37.38 million.
On-chain analysis has identified 28 related wallet addresses. These wallets started accumulating ETH through the ShapeShift platform in January 2016, with an average purchase cost of around $3.50. All wallets transferred their ETH to new addresses in August 2016, suggesting that these 28 wallets likely belong to the same whale.
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