Ethereum Whale Moves 11,552 ETH in $23M Sale

TLDR

• An early Ethereum ICO participant sold 11,552 ETH worth about $23 million on Thursday.
• Lookonchain identified the wallet as part of Ethereum’s 2015 token sale.
• The investor originally bought 38,800 ETH for around $12,000 at $0.31 per token.
• The recent sales cleared at an average price of $2,027 per ETH.
• Blockchain records show the wallet transferred 18,500 ETH before executing the sale.

An early Ethereum ICO participant sold $23 million worth of ETH on Thursday, blockchain data shows. Lookonchain tracked the transactions and shared details on social media. The sales reduced holdings from a wallet linked to Ethereum’s 2015 token sale.

Ethereum Whale Activity Surfaces on Blockchain

Lookonchain reported that wallet “0xd64A…7ED7” moved 18,500 ETH valued at $38.1 million. The recipient address later sold 11,552 ETH for about $23.4 million. The transactions cleared at an average price of $2,027 per token.

The analyst identified the wallet as an original Ethereum ICO participant. Records show the investor bought 38,800 ETH for roughly $12,000. The purchase price stood at about $0.31 per token during the 2015 sale.

Blockchain records confirm the wallet traces back to the Ethereum genesis distribution. At current market prices, the remaining holdings approach $80 million in value. The address still retains a large balance after the recent transfers.

Lookonchain stated, “The ICO participant transferred 18,500 ETH and sold 11,552 ETH at $2,027.” The firm based its findings on publicly available onchain data. Etherscan records show multiple outgoing transactions tied to the sale.

The Ethereum Whale executed the transactions through several smaller transfers. Data shows the sales occurred within a short time frame. The blockchain logged each movement in real time.

Market data placed ETH near $2,027 during the reported trades. Price feeds showed minor fluctuations during the selling window. The transactions concluded without interruption on the Ethereum network.

ICO-Era Holders Continue to Reduce Positions

The sale followed another large transaction from a separate ICO-era wallet earlier this week. That address sold about 15,002 ETH valued at nearly $31 million. Blockchain trackers showed the funds moved to Coinbase.

Onchain data indicates that the wallet held its ETH for nearly a decade. The transfer to Coinbase marked its first major movement in years. The address continues to hold a remaining balance.

Historical data confirms that Ethereum launched its ICO in 2015. Early participants acquired tokens at $0.31 each during the sale. ETH currently trades thousands of percentage points above that initial price.

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