An early Ethereum whale moved over $120 million worth of ETH after remaining inactive for three years.

CoinFeed reported on May 9th that, according to Lookonchain, an early Ethereum holding address, after three years of inactivity, transferred all 52,170 ETH to a new wallet a few hours ago, worth approximately $120.61 million at current prices. On-chain records show that this address withdrew 42,572 ETH from Kraken six years ago, when the ETH price was around $246, for a total value of approximately $10.48 million.