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Prominent Ethereum Initial Coin Offering (ICO) investor engages in a selling frenzy, raking in an $18,970,000 profit

Large-scale Ethereum investor from the ICO period is offloading tokens as market value approaches all-time high

Ethereum ICO Whale Accumulates Sales Worth $18,970,000, Raking in Substantial Gains
Ethereum ICO Whale Accumulates Sales Worth $18,970,000, Raking in Substantial Gains

Prominent Ethereum Initial Coin Offering (ICO) investor engages in a selling frenzy, raking in an $18,970,000 profit

Ethereum Remains a Hot Investment as Institutions Pile In

Ethereum, the second-largest cryptocurrency by market value, continues to attract attention from both retail traders and large institutions. With its current market value surpassing that of major companies like Netflix and Mastercard, Ethereum is making headlines in the financial world.

At the time of writing, Ethereum's price is trading around $4,670.70, marking a gain of over 6.05% in the last 24 hours. This growth is significant, as total market value now stands at approximately $563.87 billion.

Profit Realization and Selling Patterns

Since 2021, Ethereum ICO investors have exhibited notable selling patterns, with significant profit realization. A major $8 billion sell-off by Ethereum whales (large holders) occurred recently, indicating profit-taking or repositioning. However, this sell-off was met with resilience, as whales reorganized, suggesting confidence in further upside potential toward $5,000.

Robust Holdings and Institutional Demand

Despite these sell-offs, institutional holdings and investor demand have remained robust. The continuous inflow of over $1 billion recently into US spot Ethereum ETFs, led by major players like BlackRock, signals sustained institutional accumulation and confidence in Ethereum’s growth.

This institutional participation helps stabilize holdings and likely prevents a more dramatic sell-off by ICO investors alone. US spot Ethereum ETFs have set record inflows in 2025, reflecting growing institutional interest and capital inflows. These inflows contribute to price support and can offset selling pressure from ICO investors.

Growing Institutional Interest

The combination of improved Ethereum fundamentals (e.g., energy efficiency and scaling) and mature investment vehicles like ETFs underpins this strong institutional demand. Mining company BitMine has outlined plans to acquire $22 billion worth of Ethereum, or roughly 5% of the total supply, further indicating institutional interest.

In summary, while Ethereum ICO investors have been active sellers at profit-taking moments, large remaining holdings persist amid a strong institutional demand backdrop. The continued inflows into Ethereum ETFs and the adaptive whale activity suggest Ethereum's market remains fundamentally robust with upside potential around the $4,000–$5,000 range.

Notable Players and Forecasts

Notable figures in the cryptocurrency world, such as Cathie Wood, the CEO of ARK Invest, remain positive about Ethereum's future. Standard Chartered, a multinational banking and financial services company, has revised its Ethereum forecast, now expecting it to reach $7,500 by the end of 2025. This is a significant increase from their previous target of $4,000.

One early Ethereum ICO investor recently sold 4,283 ETH, worth approximately $18.97 million. However, the same address still holds 55,716 ETH, currently valued at about $261.6 million. As Ethereum continues to grow and attract institutional interest, it will be interesting to see how these trends unfold in the coming months and years.

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