The Ether whale moved the funds for the first time in eight year with 800x gains as ETH price edged above $2,800.
Ether (ETH) has rallied more than 9% over the last 24 hours, reaching a 13-week high of $2,880 on Nov. 7.
As this happened, an Ethereum whale, who had held more than 11,000 ETH since 2016, has appeared to cash in on massive gains.
In February 2016, Ether traded for between $2.1 and $6.6 per token. Back then, the address added 11,005 ETH on the crypto exchange ShapeShift, according to Lookonchain. The onchain smart money tracker said the tokens were acquired at $3.46 per token, putting the total cost at $38,000.
