PANews reported on January 21 that, according to on-chain analyst @ai_9684xtpa, a 2016 ETH OG whale deposited 14,183 ETH, worth $41.93 million, into Coinbase 40 minutes ago—his first ETH deposit exceeding one million dollars in three years.

The last suspected ETH purchase at this address was between February and November 2022, with an average withdrawal price as low as $1236.65. Going back further, his ETH transactions can be traced back to 2016.