ETH ICO Whale Activates After 11 Years
An investor who loaded 10,000 ETH for $3,100 during Ethereum‘s 2015 ICO has moved their entire holding for the first time after nearly 11 years. This wallet’s ETH is now worth nearly $23 million and was transferred to a new address on Tuesday. On-chain records confirm the tokens arrived shortly after the networks first crowdsale, on July 30, 2015; the price that day was around $0.31. The investor watched every bull run, every crash, and market cycle without touching it – until this weekend. The wallet is on the verge of realizing a 7,500x return by moving its entire balance. In September, another whale from the same ICO period had shifted its $645 million worth of ETH from three wallets to a staking service. CEX.IO Chief Analyst Illia Otychenko says that those who entered at low prices can exit profitably at every level, so they might not pay much attention to market timing. Bitunix Analyst Dean Chen also emphasizes the timing of the move outside of peaks; long-term holders generally pursue portfolio restructuring, custody updates, or shifting passive capital to active management. Other early ICO whales are moving similarly without naming names. ETH Current Technical Analysis ETH is currently trading at 2.317,10 dollars