Ethereum ICO Buyer Turned $6,200 Into $85 Million: Begins Selling
An early Ethereum ICO (Initial Coin Offering) participant purchased 20,000 Ethereum (ETH) coins for $6,200. The value of the 20,000 coins is somewhere around $85.6 million today. According to an X post by CoinTelegraph, the ETH ICO participant sold 2,300 ETH on Aug. 11 for $9.91 million. The Ethereum millionaire still holds 1623 ETH valued at almost $7 million. TODAY: An early Ethereum ICO participant sold another 2,300 $ETH ($9.91M) just about 30 minutes ago. They originally received 20,000 $ETH for $6,200 at GENESIS and still holds 1,623 $ETH ($6.99M). pic.twitter.com/of5BVWBzde — Cointelegraph (@Cointelegraph) August 11, 2025 Will ETH Fall After Ethereum Millionaire Begins Selling? Source: Watcher.Guru ETH has seen an incredible rally over the last few months. The asset struggled to gain momentum after the 2021 bull run. Things finally seem to be falling into place with ETH. ETH began its upward momentum after its Pectra upgrade in May 2025. It made a big ascent before facing ...