A Cryptocurrency Whale Who Bought Ethereum at $0.31 is Active Again! Here are the Transactions They Made

According to Crypto onchain data, a massive crypto whale that participated in Ethereum's first coin offering in 2016, (ICO), continued to sell ETH today.

Data shows that a whale, one of the early Ethereum investors, has sold 1,500 ETH worth $1.76 million.

On April 17, a whale wallet that had been in a long sleep period sold 16,500 ETH at an average price of $1,779, totaling $29.35 million, and continues to hold 13,500 ETH worth $24.82 million in its wallet.

As is known, during the first coin offering event of ETH, ETH coins were offered for sale at a price of 0.311 dollars. So this ancient crypto whale had purchased the ETHs, which she earned millions of dollars from, by paying only approximately 9 thousand dollars.

ETH is criticized from time to time for not having a fair start due to this initial coin offering. At that time, developers on Ethereum, which had a Proof of Work mechanism, obtained a significant amount of coins through mining before the launch and used them in the initial coin offering sale.