A whale address started selling ETH 6 hours ago after being dormant for 8 years

According to Onchain Lens monitoring, a certain whale address that had been dormant for 8 years began selling ETH 6 hours ago. 8 years ago, the whale address received 12,229 ETH from @ShapeShift, worth about $149,000 at an average price of $12.22.

6 hours ago, the whale address transferred all its ETH to a new address and began selling. So far, the address has sold 3,367.5 ETH for a price of $101.6 million, at an average price of $3,018. The wallet still holds 8,862 ETH, worth $270 million.