Ethereum

Major

Foundation

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
According to data provided by cryptocurrency analytics platform Lookonchain, an Ethereum (ETH) initial coin offering participant recently <a href="https://x.com/lookonchain/status/1843463993673035826" rel="noopener noreferrer nofollow">liquidated</a> $12.2 million worth of ETH.&nbsp;&nbsp;
Since late September, the whale has already liquidated 45,000 ETH. Despite going on such a massive selling spree, the gargantuan whale continues to hold a staggering $230 million worth of ETH.&nbsp;
The whale initially emerged from hibernation in late September after two years of inactivity.&nbsp;
The ICO participant initially received a whopping 500,000 ETH at the genesis stage. Back then, close to 72 million tokens were distributed to those who contributed to the project.
In other news, a wallet linked to the Ethereum Foundation recently deposited 2,500 ETH (roughly $6 million) to the Bitstamp exchange 20 minutes ago. The wallet initially received more than 51,000 ETH tokens from the foundation back in 2015.&nbsp;

Major ETH Whale Is Not Done Selling

U_Today

Other articles published on Oct 8, 2024

Ethereum Whales Are Ditching ETH for CYBRO – Discover the AI Crypto Poised for 20x Gains

Crypto Loan is an Easy Alternative to Traditional Loans

Avalanche Foundation Launches $40M Retro9000 Grant Program for L1 Developers

O3 Layer Unlocks New Blockchain Scalability Using Arbitrum Orbit Technology

RedStone brings oracles for Bitcoin staking to expand use cases in defi

Don’t Miss Out: MoonBag’s Crypto Presale Exciting Launch on October 11th, 2024!

Join our free newsletter for daily crypto updates!