Ethereum Whale Reallocates Massive Holdings, Selling $58 Million Worth of ETH

An early Ethereum investor has executed a sizable transaction, selling 20,000 ETH worth approximately $58 million through FalconX, a platform specializing in institutional crypto trading. This sale highlights the substantial wealth generated by this investor since their initial investment in the 2015 Ethereum ICO, which yielded an impressive return exceeding 9,500x. 2015’s Ethereum ICO involved the purchase of 254,908 ETH for a modest $79,200. 20 years later, this initial investment now represents a staggering $757 million.