An Ethereum OG whale that took part in the network’s 2015 ICO has bought back 8,630.6 ETH early on Sept. 22, according to on-chain tracking data cited by BlockBeats and monitored by EmberCN. The wallet originally received 38,800 ETH during the ICO period. About six months ago, the whale sold 11,552 ETH at $2,027 each, receiving $23.42 million. In the latest move, the same entity spent $23.726 million to repurchase 8,630.6 ETH at an average entry price of $2,749. Based on EmberCN’s calculation, the round-trip trade resulted in a shortfall of 2,921 ETH, equivalent to about $8.03 million in value. The transaction adds another example of large early Ethereum holders actively rotating positions rather than simply holding dormant balances.
BlockBeats reported on Sept. 22, citing monitoring by EmberCN, that an Ethereum OG whale bought back 8,630.6 ETH early in the day.
The whale had participated in Ethereum’s 2015 ICO and received 38,800 ETH. About six months ago, the address sold 11,552 ETH at $2,027, cashing out $23.42 million. Early on Sept. 22, it spent $23.726 million to buy back 8,630.6 ETH at an average price of $2,749.
According to EmberCN’s figures, the swing trade left the whale down 2,921 ETH, worth about $8.03 million.
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