Key Takeaways
- An Ethereum ICO participant sold 23,000 ETH in one week amid market volatility.
- The wallet originally received 254,908 ETH during the 2014 ICO, now valued at $757 million.
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An Ethereum ICO participant sold another 3,000 ETH worth $8.4 million today, bringing total sales to 23,000 ETH in approximately one week, according to blockchain analytics firm Lookonchain.
On November 26, the investor, identified by the wallet address starting with “0x2eb0“, sold 20,000 ETH valued at about $58 million via FalconX for the first time in eight months. The wallet originally received 254,908 ETH during Ethereum’s initial coin offering at $79,000.
The latest sale comes amid recent volatility in the crypto market, which saw Ethereum drop to a several-month low of $2,680. At press time, the asset was trading at $2,824, down 2% over the past week, per CoinGecko.
