Ethereum ICO Whale Sells Another 501 ETH, Still Holds 2410 ETH

BlockBeats News, July 2nd, according to lookonchain monitoring, an early investor who participated in Ethereum's initial coin offering (ICO) sold another 501 ETH 9 hours ago.

He initially acquired 16,000 ETH during the Ethereum genesis phase through two wallets, with a cost of $4,960, at an average price of approximately $0.31. Later in 2017, he purchased 804 ETH through an exchange at a price of $459 per ETH ($369,000 cost).

Since April 2021, he has sold a total of 14,394 ETH, cashing out around $50.11 million, with an average selling price of $3,482 per ETH. He currently holds about 2,410 ETH, worth approximately $5.85 million at the current price.

The total profit is $56 million, with a return on investment of up to 149 times.