Ethereum whales sell as outflows hit four-month high of 169,770 ETH

Ethereum’s early investors have reportedly sold another 4,000 ETH across two wallets as Santiment has recorded the network’s largest daily net exchange outflow in more than four months. 1,000 ETH reportedly sold came from an ICO participant who initially bought 100,000 tokens. 3,000 ETH worth $7.23 million moved from another early holder, according to Lookonchain. $18.79 million in AAVE and WLD reached exchanges from an institution inactive for over a year. 169,770 ETH left exchanges on a net basis, according to Santiment’s Oct. 23 analysis. Lookonchain identified the transactions in separate posts on Oct. 23 and Oct.