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Ethereum ICO Participant Sells 16,500 ETH at $1,779 Average, Still Holds 13,500 ETH Amid 22.5% Holder Accumulation

5 posts • GPT (4.1 mini)

Published May 5, 2025, 03:07 PM

An Ethereum ICO participant has been actively selling portions of their holdings since ending a long dormancy on April 17, 2025. They have sold a total of 16,500 ETH, equivalent to approximately $29.35 million at an average price of $1,779 per ETH. Most recently, they sold another 1,500 ETH valued at $1.76 million. Despite these sales, the participant still retains 13,500 ETH worth about $24.82 million. Meanwhile, Ethereum holders overall have increased their holdings by 22.5% since March 2025, even though the current ETH price of $1,867 remains below the average cost basis of $2,026 for many holders, indicating unrealized losses in the market.

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Sources

Leon Waidmann 🔥

@LeonWaidmann

🔹 ETH Holders Double Down 📈 Despite entering unrealized losses (ETH price: $1,867 vs. holders' cost basis: $2,026), accumulating addresses increased holdings by +22.5% since March.💪 https://t.co/cnK8rmBD1a

Cointelegraph

@Cointelegraph

⚡️ NEW: An Ethereum ICO participant sold another 1,500 ETH ($1.76M). After ending their dormancy on April 17, they've offloaded 16,500 ETH ($29.35M) at an average price of $1,779, while still holding 13,500 ETH ($24.82M) in their wallet. https://t.co/fAIKC6uVgU

Lookonchain

@lookonchain

The Ethereum ICO participant sold another 1,500 $ETH($1.76M) again 6 hours ago. Since ending a long dormancy on April 17, he has sold 16,500 $ETH($29.35M) at an average price of $1,779 and still holds 13,500 $ETH($24.82M). https://t.co/OE35gIUeGS https://t.co/aujCLgHwIV