๐จ๐จ๐จ Ethereum ICO Whale Dumps 3K ETH for $7.64M Amid Crashing Prices ๐จ๐จ๐จ
The crypto market continues to face turbulence as Ethereum (ETH) experiences heightened volatility. A significant sale by an Ethereum ICO whale is drawing attention, raising concerns about ETH's price stability. Here's what you need to know:
๐ป ETH Market Overview:
Current price: $2,531 (1.76% decline today)
Weekly drop: 3.18%
24-hour trading volume: $20.24 billion
ETH remains a focus for major investors despite the drop.
๐ Whale Activity:
An early Ethereum investor offloaded 3,000 ETH today, worth $7.64 million.
This whale previously sold 7,000 ETH in July for $24.28 million, causing a 15% price drop.
This ICO participant received 254,908 ETH for just $79,000 in 2015, with the current value reaching $646 million.
Wallet balance: 37,070 ETH (approx. $93.8 million).
๐ผ ICO Whale Sales Throughout October:
October 8: A different whale transferred 5,000 ETH to Kraken, valued at $12.22 million.
Over the past weeks, this whale has sold 60,000 ETH, worth $149.68 million.
Another major sale occurred in June 2024, with 10,000 ETH sold at $3,539 per token.
๐ Sales After Dormancy:
A second whale, dormant for two years, resumed activity on October 1, selling:
4,000 ETH at $2,655
5,000 ETH later the same day for $12.7 million
By October 3, sold a total of 19,000 ETH for $47.54 million.
Recent sales include 6,000 ETH at $14.7 million and 4,000 ETH as ETH dropped to $2,380.
โ Caution: These whale sales may add downward pressure on Ethereumโs price. Investors should stay informed and watch for further market developments.
๐ Disclaimer: This content is for informational purposes only and should not be considered financial advice.
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