Why Are OG Crypto Whales Cashing Out? Early ETH Holders Move Millions

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An early Ethereum holder sold 3,000 ETH for more than $7.2 million after buying them nine years ago at $18.83 each, generating a 128x return. Other longstanding addresses deposited 6,369 ETH, valued at about $16 million, into Kraken, while a participant in the 2015 ICO transferred 13,330 ETH worth more than $36 million to Coinbase. The latter had received 170,000 ETH for $0.31 per token during the initial sale. In August, another ICO investor transferred 2,000 ETH to Coinbase for a value of $3.77 million after an initial $622 investment, representing a gain of more than 6,000x.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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