An early and iconic holder of Ethereum has reemerged, continuing a strategy of gradual profit taking that has stretched over years. For the past 33 hours, a whale wallet that first emerged during the 2015 Ethereum Initial Coin Offering (ICO) has been making the rounds in crypto media by dumping 6,000 ETH onto the open market. This latest move, which involved sending a bunch of ETH to major exchanges, has fueled both speculation and—let’s be honest—some mild panic across the crypto space. The account we are looking at, identified as 0xaDdf8637D7B249d78f78e7966e90C414F4aA3CD1, is no ordinary wallet. It first received 76,000 ETH
The post Ethereum’s Original Whale Resurfaces: Another 6,000 ETH Sold as Market Watches Closely appeared first on The Merkle News.
