Ethereum IC0 Whale Transfers 3,000 ETH to Exchanges Within 24 Hours and Moves Over $100 Million in Stablecoins

on October 27, according to monitoring by Ai Yi, an early whale address that purchased 100,000 ETH during the 2015 ICO continues to sell off. In the past 24 hours, it transferred 3,000 ETH to exchanges, valued at approximately $6.94 million. The address's cost basis was around $0.31, and selling now would yield a return of 746,324%. Currently, the address still holds 47,000 ETH on-chain, valued at about $109 million. Additionally, last night, the address transferred over $100 million in stablecoins to multiple exchanges, market makers, and OTC desks for unspecified purposes.