Ethereum ICO Whale Near Liquidation After Selling 3,000 ETH (~$8.4M); OG Whale Moves 23,000 ETH to Exchanges for Potential $66.5M Profit

COINOTAG News, December 2, reporting on-chain activity, notes that on-chain analyst Ai Auntie is monitoring a high-profile Ethereum address labeled as an ICO whale. The wallet holds 254,900 ETH and reportedly sold 3,000 ETH for roughly $8.4 million, underscoring renewed liquidation risk as the balance tightens.

Over the past week the same entity deposited 23,000 ETH to exchanges, signaling possible repositioning. At a cost basis near $0.31 per ETH, a full exit could imply approximately $66.5 million of potential profit, contingent on future price conditions.

Currently, the remaining on-chain balance stands at 69.83 ETH, about $195,000. The concentration of activity in this address highlights market participants’ focus on Ethereum liquidity and could influence crypto market sentiment if further moves materialize.