A savvy participant in the Ethereum initial coin offering (ICO) has made headlines with the sale of 2,300 ETH, earning approximately $9.9 million. This sale, which drew attention on Monday morning, was tracked by the blockchain analysis company Lookonchain. The investor’s wallet, identified as “0x845…a210c,” now holds a remaining balance of 1,623 ETH, highlighting a strategic decision in cryptocurrency trading.
Details of Recent Ethereum Trades
Recent data from Lookonchain reported the transfer of 2,300 ETH to the Kraken exchange, valued at nearly $9.9 million. Following this transaction, the address still retains 1,623 ETH. Historical transactions show similar strategic sales practices, indicating a consistent approach to liquidating assets over time.
Back in November 2023, the same address divested 3,000 ETH, followed by a transaction of 1,000 ETH in February 2024, and another for 250 ETH in December 2024, suggesting a calculated pattern of periodic sales.
How Did Ethereum’s ICO Begin?
Starting on July 22 and running until September 2, 2014, Ethereum’s ICO became a historic event where over 60 million ETH were distributed, each priced at an average of $0.31. This ambitious venture raised approximately $18.3 million, which equated to 31,531 bitcoins at that time. The network officially launched in July 2015 with an initial supply of 72 million ETH. A significant 83% of this was earmarked for those who participated early in the ICO.
The initial investments during Ethereum’s ICO have translated into substantial financial returns, yielding gains surpassing 12,000 times the original investment. The wallet monitored by blockchain analytics received 20,000 ETH for just $6,200, and the present market value is approximately $86 million. As per the latest Cryptocurrency insights, ETH is trading slightly less than $4,300, around $4,288 at the present exchange rate.
The transaction indicates a well-planned financial strategy with concrete results:
- 2,300 ETH sold for about $9.9 million
- Remaining ETH worth around $86 million
- Historical sales show a clear pattern of timed sales
Ethereum’s price recently reached a new high since December 2021, surpassing $4,300—reflecting a 2% increase in just 24 hours. The investor expressed satisfaction with the timing of their sales, emphasizing strategic planning.
“Making informed decisions at the right time can lead to exceptional outcomes,” they noted.
