Major Ethereum ICO Whale Goes on Selling Spree Amid $18,970,000 Profit

Key Points

1. The whale sold 4,283 ETH worth approximately $18.97 million, part of a larger trend of selling 44,284 ETH over recent years for around $105 million in profit.

2. Despite these sales, the investor still holds 55,716 ETH, valued at about $261.6 million at current prices.

3. Ethereum's price has risen to around $4,670.70, marking a 6.05% increase in 24 hours and pushing its market cap to $563.87 billion.

4. Standard Chartered revised its Ethereum price forecast to $7,500 by end of 2025 and $25,000 by 2028, reflecting growing institutional interest.

5. Institutional holdings in Ethereum are estimated at $7.59 billion, with BitMine planning to acquire $22 billion worth of ETH, about 5% of total supply.