PANews reported on November 26 that, according to on-chain analyst @ai_9684xtpa, an "ancient whale holding 254,900 ETH ICO tokens" is suspected of selling 20,000 ETH, worth $58.14 million, at a cost as low as $0.31 after eight months.

Ten hours ago, he deposited 20,000 ETH into FalcoinX at a price of $2,906.79. The last time this whale transferred tokens to the exchange, the price was only $1,452.04.

He currently still holds 3,070 ETH on the blockchain, worth $9.07 million.