Svmuu News: According to on-chain analyst Yu Jin, a whale address that participated in the BAT ICO nine years ago and made a profit of $23.77 million has reawakened after six years of inactivity and began selling ETH over the past two days.As of now, the address has sold 12,586 ETH over the past two days, exchanging them for 20.59 million USDS at an average price of $1,636.
The 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 next two and a half years, the address gradually sold its BAT holdings through on-chain transactions and via Binance at an average price of $0.245, realizing a profit of $23.77 million. Of this, 35 million BAT were sold on-chain, exchanged for 27,586 ETH.The corresponding ETH remained dormant for a long time afterward, until sales began two days ago. Currently, the address still holds 15,000 ETH (worth $24.29 million).