The post ICO Whale That Turned $1,951 Worth of Ethereum Into $20,150,000 Sends ETH to Coinbase: Lookonchain appeared on BitcoinEthereumNews.com.

An Ethereum (ETH) initial coin offering (ICO) participant woke up this weekend after nearly three years of dormancy, according to the crypto tracker Lookonchain. Lookonchain notes the ICO participant deposited 1,555 ETH worth $4.86 million into the crypto exchange Coinbase on Sunday. The unknown address received 6,292 ETH during the 2014 ICO, costing $1,951 in total. Lookonchain says that same total is now worth more than $20.15 million, a staggering 1,032,703% increase. It’s not the only notable wallet to move its ETH recently. Lookonchain also notes that a giant whale that at one point held 398,891 ETH worth $1.28 billion has sold 46,853 ETH for 138.8 million USDC since November 7th. The whale has sold at an average price of $2,920, according to the crypto tracker. However, other whales seem to be accumulating Ethereum. Lookonchain also points out four fresh wallets that withdrew 12,499 ETH worth $40 million from the crypto exchange Binance on Sunday. ETH is trading at $3,316 at time of writing, up more than 3.5% in the past day, more than 37% in the past week. Despite its recent gains, the second-ranked crypto asset by market cap still remains more than 32% down from its all-time high of $4,878, which it set back in November 2021, according to data from CoinGecko.  Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X, Facebook and Telegram Surf The Daily Hodl Mix &nbsp Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not…

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Filed under: News - @ November 12, 2024 10:22 am