A significant Ethereum initial coin offering (ICO) participant has sold approximately 356,600 ETH over the past twelve months, generating nearly $892 million in proceeds.
The on-chain transactions, identified by analyst Ai Yi, occurred across numerous small transfers, averaging around $2,501 per ETH.
The whale originally acquired its substantial ETH holdings during Ethereum’s ICO phase for roughly $0.31 per token.
Following this extensive selling activity, the participant retains a balance of 24,619 ETH.