Despite these market shakes, the price of Ethereum has remained steady. Ethereum, also known as ETH, closed at $1,902.26, with a modest 0.4% growth, proving its resilience to this sudden movement of pre-mined Ethereum. The market capitalization for Ethereum is presently $228.6 billion.
Ethereum's ICO took place back in 2014, a pioneering event in the cryptocurrency world, where tokens were sold for approximately $0.31 each. Those fortunate enough to have participated in the ICO and held onto their Ethereum would now be seeing a considerable return on investment, with the current price exceeding $1,900. These recent whale movements illustrate the long-term value of Ethereum and underscore the potential impact of large token holders on the market.
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