In a recent development reported by COINOTAG on May 4th, a notable Ethereum ICO participant has liquidated an additional 1,500 ETH, translating to approximately $1.76 million. This transaction occurred just six hours ago and adds to a broader selling trend, with the participant having divested a total of 16,500 ETH—valued at roughly $29.35 million—since their resumption of activity on April 17th. The average sale price during this period stands at $1,779 per ETH. As of the latest data, the individual retains a substantial holding of 13,500 ETH, worth about $24.82 million. This ongoing activity reflects evolving market dynamics and investor sentiment surrounding Ethereum, underscoring the significance of liquidity movements in the crypto ecosystem.
Source: https://en.coinotag.com/breakingnews/ethereum-ico-participant-resells-1500-eth-totaling-29-35-million-in-sales/