TREE NEWS reports: An Ethereum OG whale who bought 170,000 ETH in the 2015 ICO transferred 13,330 ETH, worth about $36.37 million, to Coinbase two hours ago, on-chain analyst EmberCN said. The move brings the address’s ICO holdings to a near-complete exit at an average price of $1,137, leaving 1,484 ETH, or roughly $4.01 million. Against a $0.311 ICO cost, the whale has booked about $193 million in profit, a 3,655x return.
2015 Ethereum ICO Whale Sells 170K ETH for $193M Profit
This is less a story about one whale's timing than about the mechanics of an ICO-era cohort that has been a persistent overhang on ETH supply. A near-complete exit at a $1,137 average suggests a gradual, exchange-routed distribution rather than a single block sale, which matters for how much of this flow actually hits order books. The open question is whether the remaining 1,484 ETH is a deliberate tail or simply the residue of a completed position — and whether other 2015-era addresses follow the same path.
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