Ancient Ethereum ICO Era Wallet Starts Moving Almost $60 Million Suddenly

Later on, the wallet received 120,000 ETH at Genesis with three addresses, making it one of the biggest entities on the whole network that are not related to cryptocurrency exchange.

However, shortly after, the whale decided to move $53 million worth of funds received from Genesis to a new address — 5 hours ago.While it may seem like the movement of funds on whales' addresses is not important, the general tendencies we can highlight from their actions is what really matters. A large number of noteworthy Ethereum addresses has been actively moving funds to staking addresses, which is a signal in and of itself.

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