Dormant Ethereum Whale Moves $4.4M in MKR After Seven Years

An early Ethereum ICO holder, who once accumulated 40,000 ETH back in 2015, has moved 3,510.42 MKR tokens worth $4.41 million after staying inactive for seven years. The tokens, originally bought between 2018 and 2019 at an average price of $828.92, shifted between private wallets with no signs of an exchange deposit.

No Confirmed Selling Yet

Since the funds didn’t reach an exchange, analysts say it’s likely custody management rather than a sale. The moved tokens currently hold around $1.51 million in unrealized profit.

ETH Holds Near Resistance

Ethereum trades near $1,921, facing resistance between $1,920 and $2,000. A break higher could open the path toward $2,145, while a drop may test support near $1,875 and $1,800.