An Ethereum wallet address loaded with 530k ETH from the ICO pre-sale has dumped over half since September 25. Prior to this date the tokens had been HODLed since the 2015 Initial Coin Offering.
Pre-ICO ‘Whale’ Account
The wallet address (and recent sell-off) was brought to the public attention in a tweet from D5 -Data Science DAO Co-Founder, Alex Svanevik.
Curious who this ETH ICO participant is: https://t.co/mA4mzt1tru
They’ve dumped (?) almost 300k ETH in the last few months – after hodling 530k ETH since the ICO in 2015.
3 days ago they transferred 60k ETH out of their wallet.
— Alex Svanevik (@ASvanevik) December 16, 2019
In fact, the wallet address was one of four “whale accounts” highlighted in a Reddit post back in April 2017. The address had been initially funded and since then hit with over 100 zero-balance inputs of ETH, thought to be from spam or network attacks.
Other than that, the account had remained untouched since its inception… until 83 days ago.
Let The Dumping Commence
According to etherscan, on…