An Ethereum ICO participant sold Ethereum worth $7.64 million. They received 254,908 ETH for about $79,000. The whale currently holds a balance of 37,070 ETH.
A participant in the initial coin offering (ICO) of the Ethereum project sold 3,000 ETH for $7.64 million. This was reported by analysts at Lookonchain.
Experts noted that the last time the whale sold 7,000 ETH was on July 1, 2024, after which the coin’s price plummeted by nearly 15%.
According to analysts at Lookonchain, the Ethereum holder received 254,908 ETH during the ICO for about $79,000. Currently, he holds 37,070 ETH, which is valued at $93,800.
At the time of writing, Ethereum is trading near the $2,540 mark.
Under the analysts’ post, one participant in the discussion on X (formerly Twitter) emphasized that the whale still holds 37,070 ETH, and sales could impact the asset’s price in the short term.
Earlier, we reported that a participant in the Ethereum initial coin offering transferred 19,000 ETH between October 2 and 3, 2024.