Ethereum Whale Exits Big Portion of Holdings Amidst Market Rally

A significant Ethereum investor who participated in the 2014 Initial Coin Offering (ICO) has recently embarked on a selling spree, offloading substantial portions of their holdings. Blockchain analysis reveals that the wallet, which acquired 100,000 ETH for roughly $31,000 during the ICO, sold 4,283 ETH worth approximately $18.97 million. This recent transaction marks another in a series of large sales by this address since 2021, totaling 44,284 ETH and generating around $105 million in profit. Despite these disposals, the investor holds onto an impressive stake of 55,716 ETH valued at $261.6 million today.