An Ethereum (ETH) initial coin offering (ICO) whale, who had been holding its ETH assets for 8 years, has started liquidating its holdings. The whale recently sold 3,367 ETH worth $10.16 million. Despite the sale, the wallet still holds a significant amount of ETH, with a current value of $112 million. This follows a trend of ICO participants from years ago selling off their ETH holdings, with another participant selling 3,000 ETH for $7.64 million in October. The recent liquidations have sparked concerns about the future of Ether's price, although Ethereum's overall sentiment remains bullish. Some analysts suggest a supply squeeze may occur soon, as Ethereum's exchange reserves are at record lows. Furthermore, Ethereum's price has recently surged, reaching $3,032 at the time of the report, possibly influenced by the excitement around the US elections, including Donald Trump's endorsement of the crypto industry.



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