An Ethereum ICO-era whale that subscribed to 100,000 ETH in the 2015 presale transferred another 3,000 ETH ($6.94 million) to exchanges over the past 24 hours, continuing its long-running distribution campaign. The wallet's original cost basis was as low as $0.31 per ETH, implying a potential return of 746,324% if the tokens are sold at current prices.
The address still holds approximately 47,000 ETH worth around $109 million on-chain. Separately, the whale moved more than $100 million in stablecoins to major exchanges, market makers, and OTC institutions overnight, with the purpose of those transfers remaining unclear.
Ethereum ICO-Era Whale Dumps Another 3,000 ETH to Exchanges, Still Holds 47,000 ETH
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