Ethereum Whale Makes $38.9 Million in Sales Since April

A long-dormant Ethereum ICO whale is back in action, selling a significant amount of Ethereum ($38.9 million) since April 17th. The recent sale involved another 5,200 ETH worth $9.54 million. This brings the total sales to 21,700 ETH since restarting activity, with an average price per ETH around $1,792. The whale still holds a substantial amount of Ethereum – approximately 8,300 ETH ($15.28 million). While this whale is actively selling, they are demonstrating a strategic approach to maximize returns.