RATE Group | An Ethereum ICO Investor is Moving Millions in ETH to Bitfinex
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An Ethereum ICO Investor is Moving Millions in ETH to Bitfinex

24 Aug An Ethereum ICO Investor is Moving Millions in ETH to Bitfinex

Posted at 20:56h in Ethereum News by

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ethereum ico whale

One of the first “ethereum whales” appears to be having second thoughts about the second-largest cryptocurrency’s prospects.

One of Ethereum’s First Whales is Funneling Millions to Bitfinex

That anonymous investor, who received more than 314,000 ETH from the network’s Genesis block as a result of their investments in the Ethereum initial coin offering (ICO), has this week funneled approximately 20,000 ETH to Bitfinex, worth approximately $5.5 million at the time of writing.

ethereum ico whale
ETH address: 0xB23cC6D921271148F7f157F9bf5D5D9Ae5A34240 | Source: Etherscan

The development was first noted by California-based attorney Zoe Dolan, who has been monitoring wallets holding funds that originated in the Ethereum Genesis block for evidence of “capitulation.”

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