An early Ethereum address has recently made significant moves. This address initially purchased 154,076 ETH at an average cost of about $517 each and has held the position until now. In the past two days, it has transferred a total of 40,251 ETH to a major mainstream exchange, worth approximately $124 million. Currently, the address still holds 26,000 ETH, which is roughly $80.15 million at the latest price. Based on the size of the holdings and the transfer pace, every move by early participants is worth market attention.