Ethereum ICO Whale Hits $154 Million in ETH Deposits on OKX in One Month
- An Ethereum whale transferred 5,000 ETH, or about $13.2 million, to the OKX exchange on August 12, continuing a series of regular transactions over the past month totaling $154 million in ETH.
- This address is associated with a major participant in the Ethereum ICO, having received one million ETH at the time.
- The identity of the whale is the subject of speculation, with some suggesting it could be an Ethereum co-founder with around 16,000 ETH remaining in associated wallets.
A whale Ethereum recently caused concern in the market by transferring large amounts of ETH to the exchange platform OKX.
On August 12, the blockchain analysis platform Lookonchain reported that an address had deposited 5,000 ETH, valued at around $13.2 millionon OKX. This deposit is part of a series of regular transactions made by this whale for more than a month.
Transfer History
This particular address first made a ETH test deposit on July 8, presumably to verify the accuracy of the destination address. Since then, the holder has sent several batches of ETH, ranging from 1,000 and 5,000 etherswithin 35 days. To date, these are approximately $154 million in ETH that was transferred to OKXat an average price of $3,176 per ETH.
A historically rich whale and speculation about the whale's identity
According to the available information, this address belongs to a major participant in Ethereum's initial coin offering (ICO)who would have received one million ETH at this founding eventThis massive sale has sparked much speculation within the crypto community.
The magnitude of the transactions was not lost on the crypto community, which quickly began to speculate on the identity of the whale. Some believe it could be a wallet used by one of Ethereum's co-founders, such as Vitalik Buterin, Joseph Lubin or Anthony Di Iorio.
Opinions are divided within the community. While some fear that this massive sale is a sign of pessimism regarding the future of Ethereum, others see it as a process that is almost complete. Indeed, there remains around 16,000 ETHeither $42.6 millionin both wallets associated with this address. For some, the end of this sale could be a positive point, suggesting a stabilization of the market.
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