Ethereum ICO whale sells 170K ETH for $193M profit
- —13,330 ETH worth $36.37M transferred to Coinbase
- —Only 1,484 ETH (~$4.01M) left from the original 170K ETH
- —Average sale price of $1,137 vs $0.311 ICO cost
- —Total profit of about $193M, a 3,655x return
Why it matters: A large early holder's exit adds sell pressure to ETH, though the $36M transfer is small enough for the market to absorb without major disruption.
Source: PANews