An early Ethereum investor continued a two-week Ether selling spree as Ether’s price has slumped 10% since the start of October.
Ethereum fear, uncertainty, and doubt may be seeping back into the market as Ether prices tank and an Ethereum whale offloaded another chunk of ETH accrued from the blockchain’s initial coin offering in 2014.
On Oct. 3, onchain transaction analytics platform Lookonchain observed that an Ethereum ICO participant had been aggressively offloading the asset over the last week.
It noted that over the past two days, the entity had sold 19,000 Ether (ETH), worth around $47.5 million.
