Ethereum IPO Whale Sells Tens of Millions of Dollars Ahead of Drop!

A user who invested in Ethereum (ETH) in the pre-sale attracted attention by selling millions of dollars before the drop.

About 10 years ago, an investor who bought Ethereum in the pre-sale in 2015 sold before the drop in the early hours of June 18.

According to data provided by the on-chain analysis platform Lookonchain, this investor attracted attention by transferring 5,500 ETH worth $19.3 million to the cryptocurrency exchange Kraken.

He bought Ethereum at $0.31

The same investor bought 150 thousand Ethereum worth $ 46 thousand at $ 0.31 in 2015. In the last 2 days, 10 thousand Ethereum transfers worth a total of $ 35.4 million were made to Kraken.

There are still 139 thousand Ethereum worth $476 million in 8 different wallets belonging to the whale. While the whale's latest transactions are interpreted as an obvious profit sale, it remains unclear whether he will make more sales in the coming period.

According to CoinGecko data, Ethereum, which has lost 3% in value in the last 24 hours, is traded at $ 3,443 at the time of writing.