Ancient whale 0x996 just woke up after over 8 years of dormancy and sold 437.798 (W)ETH for 1.025M USDT at $2,341 on average in the past 2 hours:

• main address: 0x996a4a7e6ec3deedbe47522216112bdbae8ac2e2
• ETH-selling address: 0xe3e5540b029d4662f6e99a5af3e8b431cff59566

Notably, this whale withdrew a total of 16,636 ETH from ShapeShift between January 19 and February 23, 2016, when the price was only $5.24 on average (estimated cost: $87,136). The whale then held all tokens for over 8.5 years until 4 hours ago, when it woke up and transferred all ETH tokens to the new wallet "0xe3e" for the above sales.

Currently, the whale still holds 16,199 WETH ($37.1M) in the wallet "0xe3e", and has an estimated total profit of $38M (x436) from ETH.

The (W)ETH price is currently on a steep decline, in tandem with the market.

Fig 1. Ancient whale 0x996 withdrew 16,636 ETH ($87.1K) from ShapeShift between January 19 and February 23, 2016,

Fig 2. Ancient whale 0x996 sold 437.8 WETH ($1.025M) via a new wallet "0xe3e" in the past 2 hours.