A major investor who acquired 100,000 ETH during the Ethereum ICO in 2014 is again selling some of their assets, drawing attention amid rising prices.
ETH Sales by ICO Investor
Recent transactions show that the investor sold 4,283 ETH, valued at approximately $18.97 million. Blockchain records confirm that the wallet bought 100,000 ETH in 2014 for about $31,000.
Consistent Selling since 2021
Since 2021, this wallet has consistently offloaded assets, selling a total of 44,284 ETH at an average selling price of $2,378. These sales have generated around $105 million in profits, while the investor still holds 55,716 ETH, valued at $261.6 million at current prices.
Price Targets and Institutional Demand
Analysts at Standard Chartered have raised their forecast for Ethereum, now expecting a rise to $7,500 by the end of 2025. Previously, the target was set at $4,000. For 2028, the bank has revised its outlook to $25,000. This outlook is linked to corporate reserve plans that could bring total institutional holdings to $30.4 billion, with current estimates around $7.59 billion.
With ongoing sales and market fluctuations, the Ethereum situation remains dynamic. Investors continue to monitor developments and potential price changes.
