On May 4, 2025, a participant in the initial coin offering (ICO) of the Ethereum project sold 1,500 ETH worth $1.76 million. According to analysts at Lookonchain, after approximately three years of inactivity, this whale has become active and has already sold 16,500 ETH for a total of $29.35 million since April 17. The average selling price was $1,779 per unit.
This is reported by Finway
His cryptocurrency wallet still holds 13,500 ETH, which is approximately $25 million. At the time of writing, Ethereum is trading around the $1,815 mark.
Sales Dynamics and Market Reaction
It is important to note that at the end of March 2025, this ICO participant woke up after nine years and seven months of dormancy when he transferred 1 ETH to another address. This indicates the return of a major player to the cryptocurrency market.
Strategic Direction of Ethereum
Previously, Ethereum co-founder Vitalik Buterin pointed to a strategic focus on simplifying the network’s infrastructure, which may influence future price movements of the cryptocurrency.