Ethereum ICO participant offloads $23 million in ETH: onchain analyst
The Block
An early Ethereum ICO participant sold $23.4 million worth of ETH after holding it for nearly a decade since the token sale.Summary
An Ethereum ICO participant, identified by the wallet address "0xd64A…7ED7," recently sold 11,552 ETH, valued at approximately $23.4 million, at an average price of $2,027 per token. This investor originally acquired 38,800 ETH about a decade ago during the token sale for only about $12,000, spending around $0.31 per token. At current market rates, their remaining ETH is worth nearly $80 million. This sale follows a trend of long-term Ethereum holders taking profits after enduring multiple market cycles. Separately, another ICO-era wallet sold about $31 million in ETH earlier this week. As of Friday morning ET, Ether was trading around $2,058.
(Source：The Block)