FUD Ethereum returns to the market again. As the price of Ether plummeted, Ethereum whales sold off some of the ETH they had gained since the blockchain’s first ICO sale in 2014.
On October 3, on-chain transaction analysis platform Lookonchain meetthat Ethereum ICO participants have been selling off assets heavily over the past week. And in the past two days, 19,000 Ether has been sold, worth approximately $47.5 million.
Lookonchain says the whale received 150,000 ETH during its ICO in mid-2014. At the time, the value of ETH was around $46,500, but it is now valued at nearly $400 million.
The sale sparked a stir on X, with one user noting, “Wow, even ETH OG has abandoned ship.”
However, Ethereum expert Anthony Sassano sayon October 3 saying, “The rumors never end. And most people in this industry don’t care about the truth.”
On one hand, I love the work I do @thedailygwei in educating about Ethereum & sticking to the truth (while constantly debunking fud)
On the other hand, the fud is neverending & most people in this industry don’t actually care about the truth
It’s all so incredibly tiring
— sassal.eth/acc
(@sassal0x) October 2, 2024
Meanwhile, Joseph Delong, former head of technology at Sushi Company saythat Ethereum is “preparing to support the next billion users,” referring to planned network upgrades.
refer : cointelegraph.com
picture voi.id
The post The market is frightened! ICO Ethereum whale wakes up from its slumber, selling over 19,000 ETH (1,568 million baht) in 2 days appeared first on Bitcoin Addict.