As the downward trend in Bitcoin (BTC) and altcoins continues in recent days, investors are also confused. While some are panic selling, others see these declines as an opportunity and buy.
At this point, while there were generally more decline expectations for the largest altcoin Ethereum in the market, an ICO participant sold 2,000 ETH for 6 million USDC.
The whale, which sold 2,000 ETH at $2,997, bought 33,213 ETH from Genesis for $0.31 in 2015. The ICO investor, who had previously transferred ETH to Kraken, has so far sold 5,110 ETH for approximately $2,545 through Kraken or DEX.
“ An Ethereum ICO participant returned 6 hours ago to sell 2,000 ETH for 6 million USDC at $2,997.
It is noteworthy that the whale received 33,213 ETH on Genesis on July 30, 2015 at an ICO price of $0.31. So far 5,110 ETH have been sold via Kraken or DEX for ~$2,545.
Currently, the whale still holds approximately 29.7k ETH ($89.4 million worth) in 3 wallets, mostly on staking platforms.”
Etheruem, which dropped to $ 2,800 in the last drop, continues to be traded at $ 3,005 at the time of writing.
Experts who evaluated this transfer of the whale who bought Ethereum from the ICO stated that such large movements from early ETH investors are typically rare and that this transfer could mean that he was making sales or diversifying his portfolio.
*This is not investment advice.