, the data shows. The owner of the wallet is unknown as of Wednesday. The only previous movement was when the wallet received ether from the genesis contract after Ethereum launched.Such large movements from early participants are typically uncommon. This movement could mean the holder is preparing to sell tokens, stake on an exchange, or diversify their holdings for other tokens.
The movement is the latest in a line of old wallets moving tokens such as bitcoin or ether to exchanges this year.or to other wallets. These investors are colloquially known as"whales" because they hold large amounts of tokens in their digital wallets – which can influence the price or sentiment around a token because of the size of their holdings.
Source: News Formal (newsformal.com)
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