I’ll explain the below image in depth tomorrow:
Perhaps the most interesting part of the 1 Million ETH moving after sitting idle since Genesis is that this is the last of a massive group of Top 200 wallets that were Genesis wallets and seemed to be controlled by the same group, & used as Liquidity / Market Making / eventually sent directly to an exchange.
Many of the Ethereum ICO wallets that received 50K Ethereum or more, in increments of 10,000 (I.e. 50k, 60k, 70k, etc) had near identical purposes, and unlike many of the other wallets receiving 50k or more but were not perfect increments of 10k.
These funds were normally sent to various exchanges, in bulk, and not ran thru any mixing process’. Post Merge, they began slowly activating these wallets and staking the ETH.
In total, 121 wallets received 100k or more ETH, with more than half of those being sent thru an exchange entirely, or staked post merge.
The below 3 wallets appear to be the last 3 remaining wallets of this group that received 100k or more Ethereum from the ICO, that had yet to be staked or sent to an exchange.
6.71K
65
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