#TradingMistakes101 On June 9, an address that previously participated in the Ethereum ICO deposited 991.67 ETH worth approximately 2,510,000 USD on the exchange, according to data from on-chain analyst @ai_9684xtpa. This address was once known as the '1 million ETH ICO whale', referring to the amount of ETH it held during the early stages.

From May 26 until now, the total amount of ETH suspected to have been dumped by this whale has reached 9,845.96, estimated to be equivalent to 25,230,000 USD. The cost basis when participating in the Ethereum ICO for this address was only 0.31 USD per ETH, indicating the potential profits realized are nearly absolute compared to the current market price.