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An anonymous whale address that participated in Ethereum’s 2015 ICO deposited 1,589 ETH worth $3.75 million into Coinbase five hours ago, according to ai_9684xtpa. Exchange deposits are typically interpreted as a sign of potential selling.
The address received 40,042 ETH during the ICO and had remained dormant for the past five years. With an average entry price of $0.31 per ETH, selling the deposited tokens would imply a return of about 7,600x.