Lookonchain analysts said that since September 22, the “ether whale” has sold 45,000 ETH worth about $113.2 million at an average price of $2,516 per coin. Since the ICO, the whale has sold a total of 60,000 ETH worth $149.68 million, increasing sales volumes with each subsequent year.
The investor made his first transfer of ether in July 2019, when he drained 5,000 ETH for $1.09 million at a rate of $218 per coin. In June 2024, the whale sold 10,000 ETH for $35.39 million, at a price of $3,539. In September and October, the whale’s sales became more aggressive: it sold 45,000 ETH at an average price of $2,516.
The user now owns 94,500 ETH, worth a total of $230.2 million. The cryptocurrency address belonging to this large ether holder received an additional 4,540 ETH from the staking platform Lido and Rocket Pool.
In September, another whale after two years of inactivity
moved 10,000 ETH to the Kraken crypto exchange. The ether owner sold his coins for $24.37 million at an average price of $2,437. After completing the transaction, his address was left with 9,298 ETH, worth $22.63 million. This investor also participated in the Ethereum ICO nine years ago, receiving 50,000 ETH in 2015, which was then worth only $15,500.
In February, another ether owner moved 492 ETH worth about $1.1 million. His cryptocurrency address has been dormant for more than eight years, since July 30, 2015, when the Ethereum network launched. In August, the CEO of the analytical platform CryptoQuant, Ki Young Ju, said that large crypto traders had begun preparing for the next altcoin rally.
Source: Bits
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