A whale holding nearly 400,000 ETH has cashed out about $224 million

PANews reported on November 22 that according to Lookonchain monitoring, a whale account has recently become active again and started selling the ETH it holds. The account purchased 398,900 ETH (worth $2.4 million at the time) at an average price of about $6 between January 18 and March 10, 2016.

After being silent for 8 years, the account became active again on November 7 this year. It has sold 73,356 ETH so far, cashing in approximately US$224 million, leaving 325,500 ETH (currently worth approximately US$1.1 billion).