OG ETH ICO Whale Cashed Out $40M—Still Holding Tens of Thousands

Even without major updates, the #Ethereum ICO whales keep making waves.

Since May 26, early ETH participant 0xC8d6C156c13AC68ADA3f03B80fc201ae4867A57d has been offloading massive amounts of ETH—15,790.6 ETH worth $40.79M deposited to OKX at an average price of $2,583.

His cost basis? Just $0.31 per $ETH from the original ICO.

In the past 24 hours alone, another $5.03M worth of #ETH was sold—yet he still holds a sizable 37,829 ETH.

Clearly, some whales prefer silent execution over loud narratives.