A ether ETH/USD The ICO-era whale transferred $65 million worth of ETH ahead of the key on Sunday formula Blockchain Update it started on monday evening.

What happened: Lookonchainan on-chain data analysis platform, reported that an Ethereum whale that received 560,000 ETH in 2015 recently moved 40,000 ETH to the mint DAI DAI/USD Stablecoin valued at an estimated $11 million.

For the uninitiated, validators on the new Proof-of-Stake Ethereum Beacon chain had to stake a certain amount of ETH into a deposit smart contract, which remained attached to the contract even after the merger.

With the Shapella upgrade, validators can now “unstake” their ETH tokens and release them from lock-in.

The Shapella upgrade aims to test full and partial payout for validators.

The data analytics platform responded coin base COIN director Conor Gragons Discovery that an Ethereum ICO participant holding 250,000 ETH has not accessed their wallet since launch.

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“This is the only pristine ICO whale wallet I could find. Imagine the mental toughness to weather multiple bull and bear markets. Although the far more likely outcome is that they’ve lost their keys,” Gragon said in a tweet Monday.

Price promotion: At the time of writing, ETH is trading at $1,633, down 0.49% over the past 24 hours. according to Benzinga Pro.

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