Ethereum Investor Achieves Multi-Million Dollar Return from ICO Sale

An Ethereum investor who participated in the platform’s initial coin offering (ICO) has realized a substantial profit after selling approximately 2,300 ETH. The sale, valued at $9.9 million, occurred on Monday morning and was tracked by blockchain analysis provider Lookonchain. This address transferred the coins to the Kraken exchange, leaving behind 1,623 ETH. During the ICO, they acquired 20,000 ETH for just $6,200, a figure that has since grown to roughly $86 million today. Ethereum’s price surge beyond $4,300 this week marks a notable increase from its December 2021 peak, contributing to the investor’s substantial gains.