An individual who participated in Ethereum’s (CRYPTO: ETH) initial coin offering dumped nearly $10 million worth of the cryptocurrency early Monday.
Long-Term Holder Sells ETH At Highs
The long-term investor deposited 2,300 ETH, worth $9.8 million as of this writing, to popular cryptocurrency exchange Kraken, according to on-chain tracking platform Spot On Chain.
The investor received as many as 20,000 ETH during ETH’s ICO in 2014 and has been selling at set intervals. With the latest sale, they are left with a balance of only 1,623 ETH, worth $6.92 million.