Whale that participated in Ethereum ICO deposits $1.03M ETH on OKX
CryptoNewsTerminal Staff09 Sep, 2024
Whale that participated in Ethereum ICO deposits $1.03M ETH on OKX
On-chain analyst ai_9684xtpa reported on Twitter that "A whale address that bought 1 million ETH in the Ethereum ICO back in 2015 just deposited 451 ETH ($1.03 million) to OKX 11 hours ago. The whale has sold a total of 1,411 ETH ($3.33 million) in the past 7 days." This is a significant transaction, as it shows that some of the early investors in Ethereum are still holding onto their coins. This is a positive sign for the long-term health of the Ethereum ecosystem. It is unclear why the whale is selling some of their ETH now. It could be that they are taking profits after a recent run-up in the price of ETH. Or, it could be that they are selling to fund other investments. Whatever the reason, this transaction shows that the Ethereum market is still active and that there is still a lot of interest in the cryptocurrency.
