In 2016, a “balina” bought 16,636 ETH from ShapeShift for 5.23 dollars, and 8.5 years later started selling Ethereum (ETH).

According to the information shared by EmberCN, the whale has made 350 ETH sales so far, and the sales were made at a level of $2,340. This corresponds to an increase of more than 44,600 percent compared to Ethereum's price at that time.

ShapeShift, a cryptocurrency exchange, was founded by Erik Voorhees in 2014. Over time, the platform transitioned from a corporate structure to a DAO. According to the information on its website, ShapeShift users can trade with over 10,000 assets on more than 13 blockchains.

Waiting for the next move of the Ethereum whale

While Ethereum has seen a significant increase in value in recent years, early investors like this whale, who have been involved in the cryptocurrency market since 2016, continue to make significant profits from their sales.

Current market conditions and the future potential movements of Ethereum price continue to shape the strategies of this whale and other major investors. There is a keen anticipation for what the whale will do with its remaining ETH assets.