ETH ICO Whale Sells $99 Million in Ether, Retains Large Holdings
An on-chain report shows an early Ethereum investor moved 2,000 ETH to Kraken after a year-long pause, still holding tens of millions in assets.
ETH
Summary
On October 30, 2025, on-chain analyst Ai Yi reported an ETH ICO-era whale transferred 2,000 ETH valued at $7.92 million to Kraken, marking their first movement in a year. Acquired at $0.31 per ETH, this sale yields over a 12,778x return. The whale continues to hold 15,000 ETH worth $58.73 million. Earlier in February 2025, the investor sold 30,300 ETH for $99.36 million at an average price of $3,279, maintaining their position among the largest remaining ICO-era holders.
Terms & Concepts
- ETH ICO Whale: An early Ethereum investor who acquired a large amount of ETH during its initial coin offering and holds significant quantities.
- ETH (Ether): The native cryptocurrency of the Ethereum blockchain, used for transactions, smart contracts, and network fees.
- Initial Coin Offering (ICO): A fundraising method where new cryptocurrencies are sold to investors before being publicly traded.