Ethereum ICO Whale Transfers $1.16M to OKX Amid Dumping Spree
CryptoNewsTerminal Staff02 Sep, 2024
Ethereum ICO Whale Transfers $1.16M to OKX Amid Dumping Spree
Whale Capers: Ethereum ICO Participant Deposits $1.16M on OKX An on-chain analyst has revealed the movement of 462 ETH (approximately $1.16 million) from an Ethereum (ETH) ICO participant address to OKX. While the reason for the transfer remains speculative, it has raised eyebrows given the whale's recent selling activity. Since July 8th, the whale has unloaded a staggering 48,963 ETH, netting themselves a cool $155 million. Despite these sales, the whale still holds a hefty balance of 697,000 ETH, valued at an impressive $1.7 billion. It's worth noting that the Ethereum ICO took place in 2015, indicating that the whale has been holding onto their investment for quite some time. The recent transfer and subsequent sales suggest that the whale may be preparing for a major shift in their investment strategy. While it's difficult to ascertain the whale's motivations, the market will undoubtedly be watching their future moves closely.
