Ethereum Genesis ICO wallet moves 5,000 ETH bought at $0.30
- —The wallet bought 100,000 ETH in the 2014 presale at $0.30 per token
- —The holder sold 50,000 ETH for about $274,000 in 2016
- —The address still holds 45,000 ETH, now worth roughly $105 million
- —1,500 ETH have already been sent to a CEX, hinting at a possible sale
Why it matters: A large early holder moving coins to an exchange could add selling pressure on ETH, which trades near $2,325.
Source: Cryptoast