Early Ethereum Investor Moves $58M in ETH to FalconX Exchange

An Ethereum ICO whale offloads significant holdings, recently selling 3,000 ETH and moving 23,000 ETH to exchanges, securing large profits from a 2014 cost basis of $0.31 per ETH.

ETH

59d ago

摘要

An early Ethereum ICO investor with a $0.31 cost basis sold 3,000 ETH worth $8.4 million over the past week and transferred an additional 23,000 ETH to exchanges. These transactions could yield profits totaling $66.53 million. The whale now retains only 69.83 ETH on-chain.

术语与概念

ETH ICO: Initial Coin Offering (fundraising event) for Ethereum held in 2014, allowing early investors to purchase ETH before its public launch.
Cost basis: The original value or purchase price of an asset used to determine profit or loss when sold.
Whale: A term for an individual or entity holding large amounts of cryptocurrency, whose trades can influence market prices.