Ethereum ICO Whale Dumps $101M Worth ETH, Holds 99,500 ETH

An early Ethereum ICO participant continues to offload massive chunks of ETH tokens. The sell-off started in a relatively bullish market and continues in the current season of high volatility. The ICO participant sold off another 6,000 ETH worth $14.11M in a new wave. Since September 22, the participant has sold a total of 40,000 ETH worth more than $100M at an average of $2,525. Despite the massive dumps, the whale still holds 99,500 ETH worth nearly $240M. Lookonchain said the whale had received 150,000 ETH at the ICO for just $46.5k.