As a seasoned researcher with years of experience in the cryptocurrency market, I find these recent developments intriguing. The activity of the Ethereum whale, who has liquidated millions worth of ETH yet still holds a significant portion, is reminiscent of a patient investor playing a long game. It’s like watching a chess grandmaster slowly outmaneuver their opponent, always keeping a few moves ahead.
As per information from the cryptocurrency analysis platform Lookonchain, a participant in the initial coin offering for Ethereum (ETH) has just sold off approximately 12.2 million dollars’ worth of Ethereum.
Starting from late September, this enormous whale has already sold off approximately 45,000 Ether. Remarkably, even after engaging in such extensive selling, this massive whale still maintains control over Ethereum valued at a breathtaking $230 million.
The whale initially emerged from hibernation in late September after two years of inactivity.
At the outset, or “genesis” phase, the participant in the Initial Coin Offering (ICO) was given approximately 500,000 Ether (ETH). During this period, around 72 million tokens were allocated to those involved with the project as a contribution.
Just now, a wallet associated with the Ethereum Foundation transferred approximately 2,500 Ether, equivalent to around $6 million, to the Bitstamp exchange. This wallet had originally received over 51,000 Ether tokens from the foundation back in 2015.
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2024-10-08 12:09