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Record Sales Alert on Ethereum after 10 Months: Mysterious Fund of 100 Thousand ETH Active! - Coin Bulletin
Endaoment has taken action for the sale of a record amount of Ethereum (ETH) after 10 months.
Endaoment, a charity operating on the Ethereum network, made the largest Ethereum sale to date by selling 3,690 ETH for $12.47 million in a single transaction between January 2-3.
According to Spot On Chain data, this transaction drew attention as the foundation's first Ethereum sale in 10 months.
The assets sold came from an investor who participated in Ethereum's ICO in July 2015. This investor had bought 100,000 ETH in the Genesis phase.
Up to now, this person has made a total of 14,990 ETH sales at an average price of $2,409. 13,190 ETH of these sales were made through Endaoment.
The investor in question currently holds 85,000 ETH (approximately 293.8 million dollars) in two different wallets. This situation has drawn the attention of investors in terms of potential effects on the Ethereum market.
According to CoinGecko data, Ethereum, which has shown a 0.4% increase in the last 24 hours, is currently trading at $3,448.