Early ETH investor sold 5,200 ETH worth $9.54M recently
Total sales since April 17 now exceed $38.9M
Whale still holds 8,300 ETH, worth over $15M
Dormant Whale Awakens with Major ETH Sales
A long-silent Ethereum ICO whale is back in action. In the past hour alone, this early investor sold another 5,200 ETH, cashing out $9.54 million. This latest move brings his total sales since ending a years-long dormancy on April 17 to 21,700 ETH, valued at approximately $38.9 million.
This wallet, which first received ETH during Ethereum’s 2015 ICO, had remained inactive for years. Now, with ETH prices stabilizing and the crypto market showing signs of recovery, the whale is offloading large amounts—at an average price of $1,792 per ETH.
Still Holding Millions in ETH
Despite the heavy selling, the wallet still holds 8,300 ETH, currently worth over $15 million. This suggests that the whale is not entirely exiting the market, but rather strategically realizing profits while maintaining a sizable position.
Such moves by early investors often attract attention, as they may signal shifts in long-term sentiment or expectations for market cycles.
The Ethereum ICO participant sold another 5,200 $ETH($9.54M) again in the past hour.
Since ending a long dormancy on April 17, he has sold 21,700 $ETH($38.9M) at an average price of $1,792 and still holds 8,300 $ETH($15.28M).https://t.co/5xFXdgM7V8 pic.twitter.com/UslRYsFq1R
— Lookonchain (@lookonchain) May 7, 2025
What It Means for the Market
Whale movements like these can cause short-term price fluctuations, but they’re also a reminder of how much value was created in Ethereum’s early days. It also highlights the long-term patience of early backers who waited nearly a decade before moving their tokens.
The fact that this ICO participant is gradually selling instead of dumping all at once could indicate a measured approach, aimed at minimizing impact on the market. Traders will be watching closely to see if more ETH is moved in the coming days.
Read Also:
Ethereum ICO Whale Sells $38.9M in ETH Since April
Best 100x Crypto Pick: FLOKI and Would Stagnate, But Troller Cat Goes Viral with Deflationary Model
Kraken Releases Sixth Proof-of-Reserves Snapshot
SUI Price Holds Strong Amid Token Unlock, Floki Eyes Breakout, BlockDAG Presale Hits $227.5M with Daily Buyer Battles!
Litecoin Forms Massive 7-Year Triangle Pattern
The post Ethereum ICO Whale Sells $38.9M in ETH Since April appeared first on CoinoMedia.
