👀👀A Crypto Whale That Bought Ethereum at $0.31 Has Activated Again! Here Are Its Transactions 👀👀

The Crypto Whale, One of Ethereum's First Investors, Continues Selling

On-chain data revealed that a major crypto whale that participated in Ethereum's first coin offering (ICO) in 2016 is still continuing to sell. As of today, this whale has sold approximately 1,500 ETH for a total of $1.76 million.

This whale became active for the first time after a long break on April 17. At that time, it sold 16,500 ETH at an average price of $1,779, generating approximately $29.35 million in revenue. It currently holds 13,500 ETH in its wallet, with a current value of around $24.82 million.

During Ethereum's ICO process in 2014, tokens were sold for as low as $0.311. This indicates that the whale's current wealth was obtained with only about a $9,000 investment.

The initial offering process of Ethereum has been subject to occasional criticisms of "unfair starting." At that time, Ethereum still had a Proof of Work (PoW) consensus mechanism, and the development team had acquired a significant amount of ETH through mining before the ICO. This situation has been criticized by some circles for providing an early advantage.

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