Ethereum Whale Makes $37.6M Profit After 8.5 Years

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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.