PANews reported on March 4 that according to monitoring by on-chain analyst @ai_9684xtpa, the ancient whale of Ethereum IC0 with 560,000 ETH transferred 6,022 ETH, about 12.34 million US dollars, to an address associated with the Ethereum Foundation more than two hours ago. The funds have not yet been transferred or interacted.

The IC0 whale has distributed ETH to 4 addresses, of which 105,522 ETH have been transferred to the current address in the past two years, most of which are used for staking in various LRT protocols.

There are still 280,000 ETH with a cost as low as $0.31 stored in three addresses.