CandleFocus Ethereum ICO Whale Offloads Another 19,000 ETH Amid Ongoing Selloff
2024-10-03
Author: Content Editor
An Ethereum ICO participant who received 150,000 ETH during the initial coin offering in 2015 has continued to sell off his Ether holdings, dumping 19,000 ETH worth $47.54 million in the past two days. This follows a lack of on-chain activity for over two years. The sales align with a decline in the Ethereum price, which has dropped over 10.4% from its recent high of $2,655. However, institutional investors are taking advantage of the dip, with the BlackRock iShare Ethereum Trust buying 7,631 ETH worth $18.04 million.
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