2024-08-16 01:00:06 +0300

Spending $276M in Ether Colossal Ethereum Whale That Participated in the Genesis ICO Transfers 145,000 ETH

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Bitcoin.com
By Jamie Redman

After three years of dormancy, a massive ethereum whale that participated in the project’s first token sale, also known as the Genesis initial coin offering (ICO), spent 145,000 ether worth just over $276 million using today’s ethereum exchange rates.

Mega Ethereum Whale Distributes 145,000 Ether to 9 Different Addresses

On August 14, 2022, onchain data indicates that a whale who participated in the Ethereum Genesis ICO has moved 145,000 ETH to various addresses. The funds were worth $276 million using current ETH exchange rates. It was the first time the Genesis ICO participant spent coins since 2019, back when 5,000 ETH exited the whale’s wallet. At the time of writing, the address currently holds 0.‍1177 ETH worth $22,4 after it emptied the 145,000 ether.

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The transfers on Sunday were sent in multiple batches of 5,000 ETH, 10,000 ETH, and 20,000 ETH increments. The whale ended the transfers with a final 10,000 ETH transfer sent at 12:18 a.m. (UTC). The wallet owner also transferred 918.89 canto utility token (CANTO) after sending the final 10,000 ether from the wallet. Statistics show that the address currently has $26,770 worth of ERC20 tokens in the wallet as well. Most of the ERC20 token value ($26,439) is held in omisego (OMG).

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