An early Ethereum (ETH) ICO (initial coin range) participants had purchased 17600 ETH under Genesis for approximately $ 5459. The value of ETH 17600 is worth more than $ 55 million today. The investment has grown by 149x. The investor has sold $ 50.11 million in ETH since April 2021. The investor’s wallet still has $ 5.85 million in ETH.
Why does the investor sell?
The ETH ICO participant may have booked profits in recent years. Transforming $ 5,000 into more than $ 55 million is no common feeling. The investor may have intended to liquidate his holdings and live the dream life. In all honesty, what is the point of having all that money if you don’t live a little?
Ethereum continues to sink
ETH has been struggling to generate speed in recent months. The asset lasted over the ground $ 3000 in early February this year. ETH is currently facing significant resistance of the $ 2500 level.
Also read: Will Ethereum recover $ 3000 in July 2025?
ETH’s price has Dipped 0.5% over the past 24 hours, 3.6% in the 14-day diagrams, 1.8% in the previous month and 29.1% since July 2024. The second largest Cryptocurrency through market has maintained a 0.5% gain in the past week.
The crypto market seems to be consolidated right now. BTC is facing resistance of $ 108,000. BTC’s consolidation may have caused the market to slow down.
