An early Ethereum investor who participated in the 2014 initial coin offering (ICO) has sold another $60 million worth of Ether, marking a pattern of steady offloading that has continued for months. This sale represents a substantial return on investment for the holder, who initially acquired ETH at approximately $0.31, realizing nearly 9,500x their original $79,000 investment. Despite this profit-taking, other early investors have been selling smaller amounts, highlighting a more measured and gradual approach to exit rather than impulsive actions. The recent sales by the ICO whales are not indicative of distress, as there’s no indication of panic selling or sudden changes in their trading habits. 0x2Eb, known as one of the first-to-buy Ethereum wallets, has trimmed its ETH holdings steadily since early September through regular transfers rather than single large transactions. Reactions to this sale have been mixed, with some users acknowledging the long-term patience shown by the investor while others see it as a warning sign for the wider market. 0x2Eb’s reduced position suggests a gradual exit strategy, not sudden panic selling. However, the question remains whether this early profit-taking signals an overall trend of increased sell pressure or if it’s simply part of a normal long-term investment process.