An Ethereum OG who acquired 100,000 ETH at an average price of $0.31 during the network's initial coin offering sold 1,000 ETH approximately six hours ago, according to on-chain tracking platform Lookonchain. The sale marks a rare liquidity event from one of Ethereum's earliest holders, whose original cost basis represents a fraction of current market prices.
The whale's holdings, accumulated during Ethereum's 2014 ICO period, have appreciated dramatically over more than a decade of network development. The 1,000 ETH divestment, while modest relative to the wallet's total position, signals potential profit-taking activity among long-term early adopters.
Ethereum ICO Whale Who Bought 100K ETH at $0.31 Sells 1,000 ETH
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