●ICO participant deposits 3,000 ETH to exchanges, realizing millions in profits
●Whale has moved 23,000 ETH to exchanges in the past week
●Address is nearly empty with only roughly 70 ETH remaining from original 254k allocation
An early Ethereum ICO participant has sold another 3,000 ETH, valued at approximately $8.4 million, following a similar move a week prior. The whale, who originally received 254,900 ETH at the ICO price of roughly $0.31, has deposited a total of 23,000 ETH into exchanges over the past week.
If sold at current prices, the recent deposits would realize a profit of $66.53 million. The wallet is now nearing a complete exit from its holdings, with only 69.83 ETH (approximately $195,000) remaining on-chain.