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Ethereum ICO Whale Sells Another 501 ETH, Still Holds 2410 ETH

2025.07.02 09:24:19

On July 2nd, as monitored by lookonchain, an early investor who took part in Ethereum's initial coin offering (ICO) sold another 501 ETH 9 hours ago. He initially obtained 16,000 ETH during Ethereum's genesis phase through two wallets, with a cost of $4,960, at an average price of about $0.31. Later in 2017, he bought 804 ETH through an exchange at a price of $459 per ETH ($369,000 cost). Since April 2021, he has sold a total of 14,394 ETH, realizing around $50.11 million, with an average selling price of $3,482 per ETH. He currently holds approximately 2,410 ETH, which is worth about $5.85 million at the current price. The total profit amounts to $56 million, with a return on investment reaching up to 149 times.
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