Ethereum Whale Dumps $10.16M in Ether as Price Surges Past $3K

An Ethereum ICO whale has sold 3,367.5 ETH, worth $10.16 million, as Ether’s price surpassed $3,000. The whale, which had been holding the ETH for eight years, liquidated a significant portion of its holdings, sparking concern among traders. Despite this sale, the whale still holds 37,069.8 ETH, valued at around $112 million. This sale follows a similar transaction on October 24, where another ICO whale sold 3,000 ETH for $7.64 million. While the sell-offs have caused minor price dips, the overall impact on Ether’s market remains significant, with some experts predicting further price swings soon.