An ancient Ethereum whale who has held its position for 11 years is dumping its holdings today. This address, which started holding ETH during the 2015 ICO era and initially purchased 38,800 ETH for only $12,000, just sold 16,700 ETH in a single transaction, cashing out over $32.3 million – a more than 6,000-fold increase in assets! However, this whale had previously bought 8,630 ETH at $2,742 in September to add to its position. Now, with an average selling price of only about $1,934, its position has shrunk by $7 million in two months. Even a veteran who has weathered countless bull and bear markets chose to reduce its holdings at lower prices after buying at the peak. Seeing that even whales can lose money makes me feel relieved. Winning 11 Despite holding thousands of times the profit, he stumbled in the last two months trying to buy the dip. Now, if he tries to trade short-term swings, the market will still leave him disappointed. ETH Ethereum Whale