Ethereum ICO Investors Offload 50,000 ETH Worth $101 Million Amid Recent Market Activity

Recent data from Lookonchain indicates significant movements in the Ethereum market, particularly concerning early participants of its ICO. On October 8, it was reported that these investors, who initially acquired 150,000 ETH at a cost of $46,500, have been actively liquidating portions of their holdings. Notably, within a mere 10 minutes, 5,000 ETH, valued at approximately $12.14 million, were sold. Furthermore, since September 22, these participants have offloaded a substantial 50,000 ETH for about $101 million, bringing their remaining balance down to 89,500 ETH, currently worth around $217 million. This trend is crucial for market observers, as it may influence Ethereum’s price dynamics and investor sentiment.