Ethereum whale sells $13.38M in ETH after eight years of holding

An address that held Ethereum for eight years sold 3,280 ETH ($13.38 million) about two hours ago, according to on-chain analyst @EmberCN on X. The address had withdrawn 3,865 ETH from Kraken in early 2017 at $13 per token, gradually sold 565 ETH over the years and with this latest sale has now realized about $14.43 million in total, representing a 288-fold gain on the initial $50,000 investment.