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Whale Who Bought Ethereum at $0.31 Ended Long Selling Wave and Started Buying – Here Are the Details

By admin On Aug 9, 2025

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One of the major investors who participated in Ethereum’s (ETH) initial coin offering (ICO) has started accumulating again, ending a year-long sell-off.

During Ethereum’s initial coin offering, ETH was sold for $0.31 per coin. The fact that a significant amount of ETH had already been mined on the Proof of Work consensus network prior to the sale sparked controversy.

According to on-chain data, the whale in question withdrew a total of 13,600 ETH from exchanges over the past three weeks. The total value of these purchases is approximately $47 million.

The latest transaction occurred just minutes ago, with 2,000 ETH withdrawn at an average price of $3,456 per ETH. This move marks the whale’s first major accumulation in two years.

The whale, who previously deposited 6,000 ETH into the OKX exchange, has withdrawn more than twice that amount. Currently holding 59,718 ETH in his on-chain wallet, his assets are worth approximately $210 million. The current price of ETH is $3,548.02.

*This is not investment advice.

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