Ethereum Whale Disposes of $38.9 Million in Assets After 3-Year Dormancy

A prominent Ethereum investor, who acquired a significant stake during the ICO era, has been actively selling off portions of their ETH holdings. Following a three-year period of dormancy, this whale activated their wallet on April 17, 2025, withdrawing a substantial $47.85 million worth of ETH. The sales continued throughout May, with the whale selling over 21,700 ETH, generating an estimated $38.9 million in profits.