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An early Ethereum ICO investor has moved to sell a fresh batch of his stash as prices trade near multiyear highs. Blockchain records show the wallet, which bought 100,000 $ETH during the 2014 ICO for about $31,000, sold 4,283 $ETH. This recent transaction, according to Lookonchain data, is worth roughly $18.97 million.
Ethereum whale's sales since 2021
It is worth noting that the same address has been selling consistently since 2021. In total, it has offloaded 44,284 $ETH over the last few years at an average price of $2,378.
These sales have brought in around $105 million in profit. Despite large disposals, the investor still HODLs 55,716 $ETH, which is valued at about $261.6 million at current prices.
An #Ethereum ICO participant who bought 100K $ETH(costing $31K) sold 4,283 $ETH($18.97M) again recently.
— Lookonchain (@lookonchain) August 13, 2025
He has sold 44,284 $ETH($105M) at an average price of $2,378 since 2021, leaving 55,716 $ETH($261.6M).
The total profit is ~$366.8M, an 11,835x return!… pic.twitter.com/C7xwhHh4Nn
Ethereum’s price has risen dramatically in recent weeks, trading around $4,670.70 as of press time. This marks a gain of more than 6.05% in the last 24 hours. Notably, the rally has lifted Ethereum’s market value to about $563.87 billion, putting it ahead of major companies like Netflix and Mastercard.
More importantly, both retail traders and large institutions have been adding to positions, with corporate reserve plans now a growing factor on the market.
Ethereum price targets and institutional demand
Standard Chartered has raised its forecast for Ethereum, now expecting it to reach $7,500 by the end of 2025. The bank’s previous target was $4,000, and it has revised its 2028 projection from $7,500 to $25,000.
This view is linked to announced corporate reserve plans that could bring total institutional holdings to $30.4 billion.
Current holdings are estimated at $7.59 billion. Mining company BitMine has outlined the largest allocation, with plans to acquire $22 billion worth of $ETH, or roughly 5% of the total supply.
Meanwhile, Cathie Wood, the CEO of ARK Invest, is still positive about Ethereum. Some analysts think $ETH could one day reach $22,000 if demand keeps growing. With long-term holders selling for profits and big investors planning large buys, Ethereum’s market is staying active and getting a lot of attention.