11-Year-Old Ethereum ICO Whale Makes First Move in 7 Years

An early Ethereum ICO-era whale resurfaced after seven years of inactivity and moved 3,510.42 MKR, valued at about $4.41 million, to a new private address. The transfer does not confirm a sale or exchange deposit, so it is less bearish than outright selling, but it is still a notable on-chain event because the wallet is one of Ethereum’s oldest identifiable holders. The article also notes Ethereum itself is trying to stabilize near $1,913 after rebounding from $1,550 lows in June and July. Technically, ETH is testing resistance around $1,923, with support near $1,875 and $1,800. A confirmed break above $2,000 could improve the recovery outlook, while rejection may keep the asset range-bound.