The team at the analytical platform Spot On Chain recorded the movement of funds on a wallet associated with a participant in the initial coin offering (ICO) Ethereum. In 2015, the whale received 33,213 ETH at a price of $0.31.
An #Ethereum #ICO participant returned to sell 2,000 $ETH for 6M $USDC at $2,997 6 hours ago.
Notably, the whale received 33,213 $ETH at #Ethereum Genesis on Jul 30, 2015, at an ICO price of ~$0.31. So far, 5,110 $ETH has been deposited to #Kraken or sold via DEX at ~$2,545.… pic.twitter.com/cYpyqlPGWT
— Spot On Chain (@spotonchain) April 18, 2024
According to available information, on April 18, 2024, the user sold 2000 ETH for 6 million USDC. The rate at which the asset was sold was $2997.
Moreover, since the ICO, the mentioned Ethereum whale has sold a total of 5,110 ETH at an average price of $2,545. They were sold through the Kraken exchange and decentralized platforms.
At the moment, the user has 29,700 ETH ($88.4 million), which are stored in three different wallets. Most of the assets are involved in staking platforms.
Meanwhile, the Ethereum (ETH) rate continues to trend downward. Over the past week, the value of the asset decreased by 16.3%, according to TradingView. At the time of writing, the cryptocurrency rate is at $2974. The market capitalization of the asset is $356.3 billion.
Earlier it became known that the queue for launching a validator on the Ethereum network reached its maximum since September 2023. As of April 16 of this year, there were 21,865 nodes waiting to connect.
Source: Cryptocurrency
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