A dormant address that had been dormant for three years suddenly transferred in and sold 10,000 ETH, cashing out 17.72 million USDC.

CoinFeed reported on June 4 that, according to Lookonchain, a wallet address (0x293a) that had been dormant for three years received 10,000 ETH an hour ago and subsequently sold them all at an average price of $1,772, receiving approximately 17.72 million USDC in return.