Ethereum ICO Participant Continues Significant ETH Sales

10/4/2024 3:25:30 PM

According to Lookonchain, an Ethereum ICO participant has been actively selling large amounts of ETH. Recently, they sold an additional 6,000 ETH, worth approximately $14.11 million. Since September 22, they have offloaded a total of 40,000 ETH, valued at $101 million, with an average selling price of $2,525 per ETH. Despite these sales, the participant still holds a substantial amount of 99,500 ETH, valued at approximately $238 million. This ongoing selling activity could potentially influence Ethereum's market dynamics. (Source)

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