ETH ICO Whale Transfers 10,000 ETH to Multi-Sig Address, Likely Preparing for Sale

ETH-0.33%

Gate News message, April 25 — An Ethereum ICO whale holding 1 million ETH transferred 10,000 ETH worth approximately $23.21 million to a multi-signature address, according to on-chain analyst monitoring. This marks the second such transfer within the past week.

The receiving address has accumulated 12,001 ETH in deposits to a major CEX over the past two months, valued at approximately $24.62 million. Historical patterns indicate that ETH transferred to this address is subsequently distributed in batches to exchanges, suggesting a potential sale in the near term.

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