Prehistoric Whale Moves 5,000 ETH to Coinbase, Eyes $12M Profit

In Brief:

A long-dormant Ethereum whale from 2016 transferred 5,000 ETH to Coinbase.

If sold, the whale would realize a 20,090% return—over $12 million in profit.

On June 21, blockchain analyst AI Aunt reported that a dormant Ethereum whale, active since 2016, moved 5,000 ETH—worth approximately $12.11 million—to Coinbase. The wallet originally acquired the ETH at around $12 per token, giving the transaction a potential return exceeding 20,000%. This move comes six months after the whale’s last major activity. Notably, the address still holds another 5,000 ETH, sparking speculation about further large-scale sales. These historic whale movements often raise market interest due to their potential to impact liquidity and price sentiment.

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