An Ethereum ICO whale sold 3,000 ETH in a week and moved 23,000 ETH to exchanges, signaling aggressive profit-taking and reducing on-chain holdings to under 70 ETH.
An Ethereum ICO whale, known for substantial early holdings, sold 3,000 ETH worth $8.4 million and moved 23,000 ETH to multiple exchanges within a week. With a cost basis of $0.31 per ETH, the whale’s profits could reach $66.53 million from recent activity. The wallet now retains only 69.83 ETH on-chain after aggressive selling. This follows earlier reports by analyst Ai Yi that the same whale transferred 1,000 ETH valued at $3.03 million to OKX in late November and sold 10,500 ETH over the prior month while holding over $335 million worth of Ethereum at that time.