A Dormant Ethereum Whale Just Woke Up After 10 Years and Dumped $23 Million in an Hour: Is $2,300 at Risk?

A wallet that received ETH on July 30, 2015, dormant for a decade, just moved $23 million in Ethereum, turning a $3,100 ICO investment into one of crypto’s most-watched on-chain events of the week. The address originally acquired 10,000 ETH during the Ethereum ICO at $0.311 per token, representing a near-zero cost basis that has compounded into an extraordinary return.When a wallet this size reactivates after t…