Ancient 2016 Whale Moves 5,000 ETH Worth $12M to Coinbase, Eyeing Massive 20,090% ROI

COINOTAG News reports that a notable Ethereum whale, active since 2016, recently transferred 5000 ETH to Coinbase, valued at approximately $12.11 million. This transaction, observed by cryptocurrency analyst AI Auntie ai_9684xtpa, highlights a significant movement in the market by a long-term holder. The original acquisition cost of this ETH dates back to August 2016, when prices hovered around $12 per token, resulting in an impressive ROI of over 20,000%. Despite this substantial deposit, the whale has not executed a large-scale sale since six months ago and continues to hold the full 5000 ETH balance. This activity underscores the ongoing strategic asset management by early investors amid evolving market conditions.