Ethereum ICO Whale Sells 13,600 ETH Worth $47M Amid Long-Term Holding of 59,718 ETH

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.