🏦 Early participants in the Ethereum ICO sold $23 million in ETH, with a cost of only $0.31
According to news from CoinWorld, on-chain analysts reported that an early investor who participated in the 2014 Ethereum ICO just sold 11,552 ETH, with a total value of about $23.4 million, at an average price of $2,027.
Cost comparison:
Initial cost: $0.31/each
Average selling price this time: $2,027
Profit multiple: over 6,500 times
Background information: The wallet originally purchased 38,800 ETH for a total price of about $12,000 and still holds some positions.
This is not an isolated case. Earlier this week, another wallet from the ICO period also sold 15,002 ETH. Long-term holders are still choosing to take profits after ETH fell below $2,100, indicating that some 'ancient whales' are not optimistic about the short-term trend or are just routinely reducing their positions.
