Ethereum ICO whale sells final 7,594 ETH for $17.79M
- —The whale bought 200,000 ETH at the ICO price of $0.311, spending $62,200
- —The final 7,594 ETH worth $17.79M were sent to Kraken six hours before the report
- —Average sale price over the years was roughly $1,368 per ETH
- —Total proceeds reached $273.6 million, a gain of about 4,400x
Why it matters: The exit of a major early holder adds selling pressure on ETH, which is already trading near $2,300 amid ETF outflows.
Source: PANews