One of the early large investors of Ethereum, who has not moved his coins since the foundation of the project (July 30, 2015) has withdrawn 300 thousand ETH (almost $40 million) over the past few months. There were 530 thousand ETH on his wallet.
Curious who this ETH ICO participant is: https://t.co/mA4mzt1tru
They've dumped (?) almost 300k ETH in the last few months – after hodling 530k ETH since the ICO in 2015.
3 days ago they transferred 60k ETH out of their wallet.
— Alex Svanevik (@ASvanevik) December 16, 2019
Nobody knows who it is and why he decided to move his coins right now. Recall that earlier we wrote that the Ethereum Foundation decided to cut financing individual development teams.