Ethereum Whale from ICO Sells 1,000 ETH Worth $2.61M, Retains 23,619 ETH Valued at $61.56M

On July 9, blockchain analyst Ai Yi (@ai_9684xtpa) reported a significant on-chain transaction involving a prominent Ethereum whale originating from the ETH ICO era. The investor liquidated 1,000 ETH, valued at approximately $2.61 million, marking a notable move in the market. This transaction was executed at an exceptionally low average acquisition cost of just $0.31 per ETH, underscoring the long-term holding strategy of early adopters. Despite this sale, the whale retains a substantial balance of 23,619 ETH, currently worth around $61.56 million. Such activity from high-net-worth holders can provide valuable insights into market sentiment and liquidity trends within the Ethereum ecosystem.