9 years after participating in the BAT ICO and profiting $23.77 million, a dormant whale awakened and sold 12,586 ETH over two days

Odaily reports, according to on-chain analyst Yujin's monitoring, a whale address that participated in the BAT ICO 9 years ago and profited $23.77 million has awakened after 6 years of dormancy, starting to sell ETH two days ago. As of now, the address has sold 12,586 ETH over two days, converting it into 20.59 million USDS at an average price of $1,636.

This address participated in the BAT ICO in May 2017, spending 17,789 ETH ($4.12 million) to receive an allocation of 113.8 million BAT, at an ICO price of $0.036. Over the following two and a half years, the address gradually sold its BAT holdings through on-chain transactions and Binance at an average price of $0.245, realizing a profit of $23.77 million. Among these, 35 million BAT were sold on-chain, converted into 27,586 ETH. The related ETH remained untouched for a long period until it started selling two days ago. Currently, the address still holds 15,000 ETH (valued at $24.29 million).