One of the early investors in Ethereum has resumed activity after nearly three years. According to the crypto tracking platform Lookonchain, this unidentified ICO investor transferred 1,555 ETH to Coinbase last weekend.
The Story of the ICO Investment
As reported by Lookonchain, the anonymous wallet owner participated in Ethereum’s ICO in 2014, purchasing 6,292 ETH for only 1,951 dollars. Today, the value of the same amount of ETH has reached 20.15 million dollars, representing a stunning increase of 1,032,703%.
Whales Accumulating ETH
Not only this former investor but also other large ETH holders are taking action. According to Lookonchain, a major whale that once held 398,891 ETH sold 46,853 ETH since November 7, yielding approximately 138.8 million USDC. However, some investors continue to accumulate ETH, indicating ongoing confidence in the cryptocurrency.
Current ETH Performance
Currently, ETH is trading at 3,316 dollars, having gained 3.5% in the last 24 hours and 37% over the past week. However, ETH remains 32% below its peak of 4,878 dollars reached in November 2021. Such large movements provide significant signals for investors and affect predictions about future Ethereum price movements.
The recent increase in ETH and the actions of whales offer valuable insights for investors looking to make strategic decisions in the crypto market. The fluctuations in Ethereum’s value seem poised to continue based on the behaviors of large investors and overall market trends.
