Ethereum ICO Whale Sells 13,600 ETH Worth $47M Amid Long-Term Holding of 59,718 ETH
Main Idea
An Ethereum ICO whale has sold 13,600 ETH worth $47 million in the last three weeks, continuing a long-term liquidation trend, and currently holds 59,718 ETH valued at $210 million.
Key Points
1. The ETH ICO whale has been selling ETH for over a year, with a recent withdrawal of 13,600 ETH at an average price of $3,456 per ETH.
2. The whale's current holdings are 59,718 ETH, valued at $210 million, down significantly from an initial 1 million ETH at the ICO.
3. The whale has not accumulated ETH for over two years, focusing instead on steady liquidation of holdings.
4. The large-scale selling increases ETH supply on exchanges, potentially impacting market dynamics.
5. Monitoring the whale's activity is crucial for understanding future ETH price trends due to their substantial remaining holdings.
Description
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