According to Lookonchain, an Ethereum ICO participant, who initially acquired 150,000 ETH for $46,500, has continued to liquidate their holdings by selling 5,000 ETH worth $12.22 million just four hours ago. This participant, often referred to as a whale due to their large holdings, has sold a total of 45,000 ETH valued at $113.2 million since September 22, at an average price of $2,516 per ETH. Currently, this whale still holds 94,500 ETH, which is valued at approximately $230.2 million. Such significant sales by large holders can influence market sentiment and price movements.