Data shows that the whale, who was one of the early Ethereum investors, sold 1,500 ETH worth $1.76 million.
The whale wallet, which woke up from a long dormant period on April 17, sold 16,500 ETH worth $29.35 million at an average price of $1,779 and still holds 13,500 ETH worth $24.82 million in its wallet.
As is known, ETH coins were offered for sale at a price of $ 0.311 in ETH’s initial coin offering event. In other words, this ancient cryptocurrency whale purchased the ETHs he obtained in the millions of dollars by only paying approximately $ 9,000.
ETH has been criticized from time to time for not having a fair start due to this initial coin offering. At that time, Ethereum, which had a Proof of Work mechanism, developers obtained a significant amount of coins through mining before the launch and used them in the initial coin offering sale.
*This is not investment advice.
Continue Reading: Cryptocurrency Whale That Bought Ethereum at $0.31 Is Active Again – Here Are Its Transactions
