According to BlockBeats, on October 4, Lookonchain monitoring revealed that a prominent Ethereum ICO whale has been persistently selling off Ethereum. Just 45 minutes ago, this whale sold another 6,000 ETH, valued at approximately $14.11 million. Since September 22, the whale has sold a total of 40,000 ETH at an average price of $2,525 per ETH, amounting to $101 million.
Despite these significant sales, the whale still holds a substantial amount of Ethereum, with a remaining balance of 99,500 ETH, valued at around $238 million.
