Eight years without moving! Ethereum "Chuangshi Giant Whale" sold 61000 ETHs, with a profit of 6109 timesJuly 2023-1914:26:35Ethereum ICO was held in July 2014. At that time, the price of an ETH was only 0
Eight years without moving! Ethereum "Chuangshi Giant Whale" sold 61000 ETHs, with a profit of 6109 times
July 2023-1914:26:35
Ethereum ICO was held in July 2014. At that time, the price of an ETH was only 0.311 US dollars. The 61216 ETHs held by a giant whale since then have recently been transferred to the exchange Kraken after 8 years. If sold, it is expected to earn 6109 times.
According to today's tweet of Yu Yan, the last analyst on Twitter, a Ethereum Chuangshi ICO whale (0x8b5), which has not been stirred for nearly 8 years (2910 days), transferred 61216 ETHs to the exchange Kraken yesterday, with a market value of about $116 million.
Ethereum ICO has increased 6109 times since then
We know that the Ethereum ICO (Initial CoinOffering) was held on July 22, 2014. The Ethereum Foundation raised about 6200 Bitcoin (BTC), which was worth about $23 million at that time.
And this giant whale purchased 61216 ETHs for $0.311 each during the ICO period, with a total purchase price of only $19000 at the time. After 8 years of neglect, this investment has brought him a floating profit of 6109 times.
ICO Whale Wallet Balance Continuously Decreasing
Although we cannot determine the purpose for which the giant whale transferred ETH to the exchange? However, over time, even 61216 ETHs flowing into the market are not as obvious as in the early days.
Another interesting data is that according to the analysis of Nansen, the blockchain analysis platform, the balance of the Whale Wallet participating in the Ethereum ICO has continued to decline since 2020. By the end of last year, it had dropped from 4.11 million to 2.59 million, a total decline of 64%.
Ethereum stands back to $1900
As for the price of Ethereum, although ETH fell to US $1875 at 01:00 today due to the decline of the market, it quickly pulled back, and the price rose and fell back to more than US $1900 again. The current report was US $1911 before the deadline, up 0.1% in the past 24 hours.
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