Data: The whale, which hoarded nearly 400,000 ETH at a cost price of $3.5, has started to sell off, having sold 13,400 ETH in nearly 6 hours

ChainCatcher news, according to Lookonchain monitoring, a whale holding 398,891 ETH (1.14 billion USD) has started selling today after being dormant for over 8 years.

In the past 6 hours, 13,400 ETH (37.38 million USD) have been sold, with an average selling price of 2,790 USD. On-chain monitoring has identified 28 wallets that began accumulating ETH in January 2016, with an average ETH cost of about 3.5 USD. All 28 wallets transferred their ETH to new wallets in August 2016, and these 28 wallets likely belong to the same giant whale.