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Ethereum Whale Dumps $8.16M in ETH, Balance Plummets to 1,024
Generated by AI AgentCoin World
Monday, Feb 24, 2025 10:15 pm ET1min read
Ethereum's "Ancient Whale" ICO Seller Unloads Another 3,046 ETH, Worth $8.16 Million
In a recent development, the "Ethereum ICO 20,000 ETH Ancient Whale" has sold another 3,046 ETH, valued at approximately $8.16 million, according to data from BlockBeats News. The transaction took place 9 hours ago, with the ETH being transferred to the Kraken exchange at a cost as low as $0.31 per ETH.
Over the past 24 hours, the whale has sold a total of 6,046 ETH, amounting to $16.34 million. Following this sale, the whale's remaining ETH balance stands at 1,024 ETH.
This latest transaction comes amidst a backdrop of increased interest in Ethereum and its ICO market. As the second-largest cryptocurrency by market capitalization, Ethereum has been a popular choice for initial coin offerings (ICOs), with many projects launching on its platform.
The "Ancient Whale" ICO seller's actions may indicate a strategic move to capitalize on the current market conditions. The whale's decision to sell a significant portion of its ETH holdings could be a sign of profit-taking or a shift in investment strategy.
As the cryptocurrency market continues to evolve, investors and traders alike will be keeping a close eye on the activities of large ETH holders, such as the "Ancient Whale" ICO seller. Their actions can often provide valuable insights into market trends and sentiment.
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