The ETH ICO whale has sold 13,600 ETH worth $47 million in the last three weeks, currently holding 59,718 ETH valued at $210 million, marking ongoing liquidation after a year of continuous selling.
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ETH ICO whale has been selling for over a year, withdrawing 13,600 ETH recently.
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The latest withdrawal occurred 15 minutes ago at an average price of $3,456 per ETH.
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The whale retains 59,718 ETH on-chain, currently valued at $210 million.
ETH ICO whale sells 13,600 ETH ($47M) in three weeks, holding 59,718 ETH valued at $210M. Stay updated with COINOTAG crypto news.
| Metric | Value | Comparison |
|---|---|---|
| ETH Sold Recently | 13,600 ETH | Largest in 3 weeks |
| Current ETH Holdings | 59,718 ETH | Down from ICO peak |
| Average Withdrawal Price | $3,456 | Above recent market average |
What is the significance of the ETH ICO whale’s recent selling activity?
The ETH ICO whale’s continuous selling over the past year, including a recent withdrawal of 13,600 ETH worth $47 million, signals a notable shift in large-scale investor behavior. This activity impacts market liquidity and price dynamics, reflecting cautious profit-taking amid current market conditions.
How has the whale’s ETH holding changed over time?
According to chain analyst AI Aunt, the whale has not accumulated ETH for over two years, steadily reducing holdings from an initial 1 million ETH at the ICO to 59,718 ETH on-chain today. This long-term selling trend highlights a strategic exit rather than short-term trading.
What does the average withdrawal price indicate about market timing?
The average withdrawal price of $3,456 per ETH suggests the whale capitalized on favorable market prices during recent sales. This price point is higher than many recent market averages, indicating a calculated approach to maximize returns while gradually liquidating holdings.
Frequently Asked Questions
How does the ETH ICO whale’s activity affect the crypto market?
The whale’s large-scale selling increases ETH supply on exchanges, potentially putting downward pressure on prices. It also signals market confidence levels among early investors.
Why has the whale not accumulated ETH in over two years?
This indicates a strategic decision to exit or reduce exposure, possibly due to market conditions or portfolio diversification, reflecting a cautious investment approach.
Key Takeaways
- Long-term selling: The ETH ICO whale has been liquidating holdings for over a year.
- Recent withdrawals: 13,600 ETH worth $47 million withdrawn in the last three weeks.
- Current holdings: The whale still holds 59,718 ETH valued at $210 million.
Conclusion
The ongoing selling by the ETH ICO whale reflects a significant shift in large investor behavior, impacting ETH market dynamics. With substantial holdings still on-chain, monitoring this whale’s activity remains crucial for understanding future price trends. COINOTAG will continue providing timely updates on such key market movements.
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The ETH ICO whale, holding one of the largest early Ethereum positions, has been steadily selling ETH for over a year, recently withdrawing 13,600 ETH worth $47 million.
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This selling activity, tracked by chain analyst AI Aunt, marks a significant shift in whale behavior, with no accumulation reported for more than two years.
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COINOTAG sources highlight that despite the sales, the whale still holds a substantial 59,718 ETH on-chain, valued at $210 million at current prices.
ETH ICO whale sells 13,600 ETH ($47M) in three weeks, holding 59,718 ETH valued at $210M. Stay updated with COINOTAG crypto news.