An investor who took part in Ethereum’s ICO in 2014 has reportedly sold over $113 million worth of ETH in the past few weeks. Lookonchain, a crypto tracker, has observed that the whale transferred 5,000 ETH valued at $12.22 million to a Kraken deposit address on Monday, continuing a trend that began last month.

Since September 22nd, the whale has sold a total of 45,000 ETH worth $113.2 million, but the address still holds 94,500 ETH worth $230.2 million. Lookonchain also notes that the ICO participant received 150,000 ETH at the Genesis block for a cost of $46,500, indicating that the initial average price per ETH was $0.31. By selling the 45,000 Ethereum at an average price of $2,516 per ETH, the whale realized an 811,513% gain on the unloaded ETH. At the time of writing, Ethereum is trading at $2,437.

Lookonchain also highlights another whale’s profitable trades with memecoins. The smart whale sold POPCAT for profit and bought GIGA. They sold 2.66 million POPCAT worth $3.61 million at $1.36 in the past 20 hours, leaving 3.45 million POPCAT worth $4.48 million, with a profit of approximately $3.96 million. Then they spent 1.45 million USDC to buy 30.22 million GIGA at $0.048. POPCAT is currently trading at $1.23 and is down nearly 7% in the past 24 hours, while Gigachad (GIGA) is trading at $0.0496 and is up more than 2% in the past day.

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