An Ethereum ICO whale has deposited its entire ETH position into Coinbase, according to data from on-chain monitor Yujin. The address participated in Ethereum's initial coin offering in 2015, buying in at an average price of $0.311 per token. On August 13, it transferred 2,000 ETH — worth roughly $3.77 million — to the exchange. Yujin's monitoring shows the deposit covered the full balance of the address, with the complete 2,000 ETH holding moved in the transfer.
The implied per-token value of the deposit is approximately $1,885, far above the $0.311 ICO price the whale paid back in 2015. The $622 starting value corresponds to the 2,000 ETH position acquired at that average entry price. Over the 11 years since the original purchase, the position's value climbed from $622 to $3.77 million, a floating gain of about 6,060 times the initial outlay. The move from the ICO wallet to the exchange was flagged by Yujin and reported by BlockBeats on August 13.
On August 13, BlockBeats reported that an Ethereum ICO whale had moved its entire 2,000 ETH position to Coinbase. The data came from on-chain monitor Yujin, who tracked the address's full balance being sent to the exchange.
The address participated in Ethereum's initial coin offering in 2015 at an average price of $0.311 per token, and held the stash for 11 years. The 2,000 ETH deposited was worth approximately $3.77 million at the time of the transfer, implying a per-token value of about $1,885.
Over the 11-year holding period, the position grew from an initial value of $622 to $3.77 million, a floating gain of around 6,060 times. Yujin's monitoring flagged the deposit as involving the whale's complete ETH balance, with all 2,000 tokens moving to Coinbase.
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