Ethereum Whale Makes $37.6M Profit After 8.5 Years

An early Ethereum investor has reaped substantial profits after nearly 8.5 years of holding. According to Ember CN, the whale acquired 16,636 ETH from ShapeShift in February 2016 at just $5.23 per token, totaling $87,135. Now worth over $37.6 million, the whale recently sold 350 ETH at $2,340 each from a new address. This dramatic 446x increase highlights significant whale movements, echoing similar dormant wallet activations in recent months. Despite ETH’s drop to $2,260, 54% of holders remain profitable.