Ethereum ICO whale deposits 3,000 ETH to CEX in the past 24 hours, while transferring over $100 million in stablecoins.

BlockBeats news, October 27 - According to on-chain analyst Ai Yi (@ai_9684xtpa), an ancient whale who subscribed to 100,000 ETH in the 2015 ICO continues to sell off, transferring 3,000 ETH worth $6.94 million to CEX in the past 24 hours.

As their cost was as low as $0.31, if sold this time the return rate would reach 746,324%. Currently, 47,000 ETH worth $109 million remain on-chain; additionally, it is noted that last night they transferred over $100 million in stablecoins to various CEX / MM / OTC institutions for unknown purposes.

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Ethereum ICO whale deposits 3,000 ETH to CEX in the past 24 hours, while transferring over $100 million in stablecoins.

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