News
Early Ethereum Investors Move Dormant Tokens to Exchanges for Multi-Million Dollar Sales
Early Ethereum investors have recently transferred and sold millions of dollars worth of ETH on cryptocurrency exchanges. One initial coin offering participant sold 1,000 ETH after originally acquiring 100,000 ETH at $0.31 per token. Another early buyer transferred 3,000 ETH to Kraken, liquidating the tokens for $7.23 million and realizing a 128x gain from an initial purchase price near $18.83 per coin. Analyst Ai Yi also linked two dormant wallets to an early buyer who transferred roughly 6,000 ETH to exchanges, with suspected sales reaching $15.85 million. Meanwhile, Ethereum traded above $2,400 as market participants monitored support around $2,350 ahead of a Federal Reserve meeting.