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Ethereum ICO-Era Whale Deposits 23,000 ETH to Exchanges Over Past Week

An Ethereum address that acquired 254,900 ETH during the ICO phase deposited 3,000 ETH worth $8.4 million to centralized exchanges on Dec. 2, on-chain analyst Ai Yi reports. The address transferred a total of 23,000 ETH to trading platforms over the past week, which would yield $66.53 million in profit if sold, based on an acquisition cost of $0.31 per token. The address now holds 69.83 ETH, valued at approximately $195,000, marking a near-complete liquidation of its original ICO allocation.
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