On February 14, COINOTAG News reported that the notable “Ethereum ICO 100,000 ETH Ancient Whale” has executed a significant transaction, selling 6,672 ETH, valued at approximately $18.08 million. This recent move follows a seven-month holding period during which the whale transferred a total of 11,672 ETH to a newly established wallet address, 0xe92…f1c0e, just four hours prior to the sale. Notably, this whale’s cost basis for the Ethereum sold appears remarkably low at $0.31, showcasing the strategic acumen involved in long-term cryptocurrency investments. Following this transaction, the wallet of this prominent entity still retains a robust balance of 5,000 ETH, indicating ongoing confidence in the asset’s future performance and potential market shifts. Such movements by large holders continue to be closely monitored for their implications on the overall Ethereum market dynamics.
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