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Prominent Ethereum Initial Coin Offering (ICO) investor engages in a selling frenzy generating a profit of $18,970,000.

Early investor in Ethereum, hailing from the ICO period, initiates selling operations as the cryptocurrency's price approaches all-time high.

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Large-scale Ethereum Initial Coin Offering (ICO) investor initiates a selling frenzy, yielding an...
Large-scale Ethereum Initial Coin Offering (ICO) investor initiates a selling frenzy, yielding an impressive $18,970,000 profit

Prominent Ethereum Initial Coin Offering (ICO) investor engages in a selling frenzy generating a profit of $18,970,000.

In the ever-evolving world of cryptocurrencies, a prominent early Ethereum investor has cashed in substantial profits while retaining a significant ETH position. This whale, who acquired 100,000 ETH for about $31,000 during the 2014 Initial Coin Offering (ICO), has been systematically selling portions of their holdings since 2021.

Recent transactions include the sale of 4,283 ETH for approximately $18.97 million, bringing the total ETH sold since 2021 to 44,284 ETH. These sales have generated a total revenue of around $105 million, with an average selling price of $2,378 per token. The investor still holds 55,716 ETH, currently valued at about $261.6 million, representing an extraordinary 11,835x return on the original investment.

Other notable sales include transfers of 1,060 ETH (~$5 million) to Kraken, marking continued profit-taking during a recent price rally near all-time highs. An ICO-era investor with 20,000 ETH initial holdings has sold smaller amounts, reducing their balance to 1,623 ETH, worth about $6.92 million presently. Additionally, a long-dormant early investor moved 334.7 ETH (~$1.5 million), marking the first movement from that wallet in over a decade.

Ethereum's market value currently stands at approximately $563.87 billion, surpassing the market capitalisation of major companies like Netflix and Mastercard. The price of Ethereum is currently trading around $4,670.70, marking a gain of over 6.05% in the last 24 hours.

Notably, mining company BitMine has announced plans to acquire $22 billion worth of Ethereum, or roughly 5% of the total supply. These corporate reserve plans, along with increasing interest from both retail traders and large institutions, are becoming a growing factor on the Ethereum market.

Standard Chartered, a multinational banking and financial services company, has revised its Ethereum forecast, now expecting it to reach $7,500 by the end of 2025. Previously, their target was $4,000. Another optimistic voice comes from Cathie Wood, the CEO of ARK Invest, who remains positive about Ethereum's potential.

However, it's important to note that while some analysts think Ethereum could reach $22,000 if demand continues to grow, others are more cautious, with Standard Chartered's revised projection for 2028 standing at $25,000.

In summary:

| Detail | Amount/Value | |--------------------------------|---------------------------------------| | Original 2014 purchase | 100,000 ETH for $31,000 | | Total ETH sold since 2021 | 44,284 ETH | | Total sales revenue | ~$105 million | | Average selling price | $2,378 per ETH | | Remaining holdings | 55,716 ETH (~$261.6 million) | | Total profit realized | ~$366.8 million (11,835x return) | | Recent large sale | 4,283 ETH for $18.97 million | | Ongoing deposits to Kraken | 1,060 ETH (~$5 million) in recent days|

This investor's significant sales serve as a reminder of the potential returns in the Ethereum market, while also demonstrating that even early whales are not immune to the temptation of cashing in on their substantial gains.

  1. Despite selling a substantial portion of their Ethereum holdings since 2021, the initial investor still retains around 55,716 ETH, currently valued at approximately $261.6 million.
  2. This investor, who acquired 100,000 ETH for about $31,000 during the 2014 Initial Coin Offering (ICO), has realized a total profit of nearly $366.8 million, representing an extraordinary 11,835x return on the original investment.
  3. Other early Ethereum investors, such as one with 20,000 ETH initial holdings, have also been selling their tokens, reducing their balance to 1,623 ETH, worth about $6.92 million presently.
  4. The demand for Ethereum is growing, with mining company BitMine planning to acquire $22 billion worth of Ethereum, or roughly 5% of the total supply.
  5. Standard Chartered, a multinational banking and financial services company, has revised its Ethereum forecast, now expecting it to reach $7,500 by the end of 2025, up from their previous target of $4,000.
  6. Crypto trading, including the buying and selling of altcoins like Ethereum, has become a significant aspect of finance, with large institutions and retail traders alike showing increasing interest.

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