A recent trend in the cryptocurrency market has been the awakening of so-called 'woken whales,' individuals who acquired large amounts of Ethereum during its initial coin offering (ICO) but remained inactive for extended periods.
One such example is an address owner who purchased Ethereum back during its ICO. Despite holding onto their coins for years, they have now transferred a portion to the cryptocurrency exchange Kraken, netting approximately $95,000.
This is not an isolated incident; several early investors have recently realized significant profits from their investments. According to data from Whale Alert and Lookonchain, these individuals had invested modest sums in Ethereum during its ICO, only to see their portfolios grow exponentially over time.