News 
May 3, 2025 
4 min. 
ETH ICO Whales are making waves in the crypto market once again, as a long-term investor from Ethereum’s 2015 ICO has offloaded 76,000 ETH. This massive sell-off, following nearly a decade of holding, has sparked fresh concerns about market sentiment and the potential impact on Ethereum’s price trajectory.
ETH ICO Whales Selloff Triggers Market Buzz
A notable Ethereum whale, who acquired ETH during the 2015 ICO at just $0.31 per coin, has completed a significant two-week selloff, as first reported by @ai_9684xtpa on X. The final transfer occurred shortly after the update went live, involving 2,000 ETH sent to Kraken, valued at approximately $3.66 million.
This final transaction capped a series of major ETH transfers. On April 30, the whale moved 3,000 ETH to a crypto exchange, securing $5.39 million. The whale sold another 3,000 ETH on May 2 for $5.53 million, mirroring a similar transaction from a few days earlier that brought in $5.39 million.
The first major movement in this series occurred two weeks prior, when 8,000 ETH (worth roughly $12.74 million) was sent to a different wallet. Several smaller transactions, including one involving just 0.01 ETH ($15.93), were also logged.
One of the largest recent moves involved 6,000 ETH, valued near $9.55 million. On the day of the final sale, ETH was trading at $1,831, highlighting the significant gains achieved by the whale over nearly a decade. Such large-scale selloffs from early holders often spark market unease and raise questions about long-term investor sentiment.
What the Recent Whale Activity Means for Ethereum’s Price
At the time of writing, Ethereum is experiencing mild bearish pressure, with its price retreating from the highs it reached earlier this year above the $2,000 mark.
According to CoinMarketCap, ETH is currently trading around $1,831.00, reflecting a 0.81% decline in the last 24 hours. While the recent selloff by an early ICO investor has drawn attention, broader whale activity paints a different picture, one that still signals growing institutional interest.
In fact, over the past three weeks, ETH whales have collectively accumulated more than $1 billion worth of the asset, indicating confidence in Ethereum’s long-term potential.
Despite this accumulation, technical indicators show signs of vulnerability. A bearish divergence on the Relative Strength Index (RSI) suggests further downside could be on the horizon. If buying momentum remains weak, analysts warn Ethereum might revisit the $1,400 zone. However, others are optimistic, forecasting a potential recovery back to $2,000 (or even a surge toward $4,000) if overall market sentiment improves.
Vitalik Buterin Pushes for a Simpler Ethereum
Amid the buzz around the recent ETH ICO whales selloff, Ethereum co-founder Vitalik Buterin has unveiled a bold new proposal aimed at simplifying the blockchain’s architecture. His goal is to make Ethereum as easy to understand as Bitcoin.
Buterin argues that the current system has become overly complicated, resulting in higher development costs and greater exposure to security vulnerabilities. To address this, he suggests a significant overhaul of both the consensus and execution layers.
Key elements of his plan include introducing a 3-slot finality mechanism and replacing the existing Ethereum Virtual Machine (EVM) with a more streamlined framework, such as RISC-V. While these changes may not have an immediate impact on ETH’s market price, Buterin believes they could lead to long-term improvements in scalability, security, and developer trust in the ecosystem.
