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Ethereum ICO-Era Address Moves 16,700 Ether (ETH) Worth Over $32.3 Million

The transfer covered roughly 43% of the address's original 38,800 ETH position from the 2015 offering.

Updated 1 min read
An editorial graphic illustrates 16,700 ether sold from an early Ethereum wallet. / EconoTimes.ai (mono)
An editorial graphic illustrates 16,700 ether sold from an early Ethereum wallet. / EconoTimes.ai (mono)

A wallet associated with Ethereum’s 2015 initial coin offering sold 16,700 Ether (ETH) in a transaction valued above $32.3 million, about 43% of its 38,800 ETH allocation.

The wallet’s reported ICO history lists the allocation at 31 cents per ETH. The sale moved a substantial portion of that early holding.

Of the amount sold, 8,630.71 ETH came from a purchase dated Sept. 21, at an average of $2,742.41 per coin. The stated sale price for that lot was $1,934.63 per ETH, below its reported purchase average.

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