BAT ICO whale sells $20.6M in ETH after 6-year dormancy

A whale address that profited approximately $237.7 million from the 2017 Basic Attention Token (BAT) initial coin offering (ICO) has become active after six years of dormancy to sell Ethereum (ETH), EmberCN reported. Over the past two days, the address sold 12,586 ETH for $20.59 million at an average price of $1,636. The whale initially invested 17,789 ETH in the BAT ICO in May 2017, receiving about 113.8 million BAT. Over the next two and a half years, the investor sold the BAT at an average price of $0.245, realizing a profit of around $237.7 million. The whale later used some of the proceeds to repurchase 27,586 ETH and currently holds 15,000 ETH, valued at $24.29 million.