An Ethereum ICO whale liquidated 10,195 ETH in the past hour, with a total profit of 5,000 times

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On May 25, according to on-chain analyst Yu Jin's monitoring, a whale/institution that participated in the Ethereum ICO with 50,000 ETH (ICO price of $0.311) transferred the last 10,195 ETH ($25.6 million) to Kraken in the past hour.

The ICO of 50,000 ETH cost $15,000, and these ETH have been transferred to Kraken at an average price of $1,555 over the past 8 years, with a total value of $77.76 million. The overall return is 5,000 times.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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