Key Takeaways:
- After almost a decade of inactivity an early Ethereum ICO wallet transferred 10,000 ETH worth about $23 million.
- The transfer created speculation of the potential whale sales and imminent supply pressure.
- At this point, traders are eagerly deciding whether to go to exchanges or stay in self-custody.
A wallet in the Ethereum network that was inactive in the early days of the network has reemerged and is transferring 10,000 ETH, which immediately generated a buzz throughout the crypto market. Although the transfer does not regard a sale, it has rekindled interest in the old whale supply and its potential of what the next step would be by Ethereum.
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