"$0.31 → $2,610" ETH Whale Records 8,400x Return
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According to on-chain analyst Ai Yee (X: @ai_9684xtpa), the whale investor disposed of 1,000 Ethereum tokens purchased during the ICO at $0.31, selling them for $2.61 million. This represents an 8,420x return compared to the ICO price.
Notably, from last July to present, this investor has sold a total of 358,599.97 Ethereum tokens, cashing out $89.7 million (1.233 trillion won). The wallet currently holds 23,619 Ethereum tokens (worth 83.7 billion won).
Industry experts noted that "continuous selling by early large investors could burden the market short-term" but also analyzed that "the impact will be limited as most early investor tokens have already been substantially absorbed".
Choi Joo-hoon joohoon@blockstreet.co.kr
