One of the major investors who participated in Ethereum (ETH)’s initial coin offering (ICO) began to accumulate again, ending the one-year sale.
During Ethereum’s first coin product, ETH was sold for $0.31 per coin. The fact that a significant amount of ETH had already been mined in the proof of the consensus network of work prior to the sale sparked controversy.
According to on-chain data, the whale in question has withdrawn a total of 13,600 ETH from the exchange over the past three weeks. The total amount for these purchases is approximately $47 million.
The most recent transaction occurred just minutes ago, with 2,000 ETH withdrawn at an average price of $3,456 per ETH. The move marks the first major accumulation of whales in two years.
The whales, which previously had 6,000 ETHs on OKX Exchange, have withdrawn more than twice that amount. Currently holding 59,718 ETH in his chain wallet, his assets are worth around $210 million. The current price for ETH is $3,548.02.
*This is not investment advice.