$ETH Selloff Continues As ETH Price Dips Under $2,350

Ethereum (ETH) along with other altcoins continues to face major selling pressure. After ETH wallets linked to Vitalik Buterin sold their holdings last week, an Ethereum ICO-era whale is now selling its holdings.

In the last two days, an Ethereum ICO participant sold a total of 19,000 ETH worth a staggering $47.5 million. During the ICO event back in 2013, this whale had received a total of 150K Ethereum, now worth a staggering $358 million.

This #Ethereum ICO participant sold another 19,000 $ETH($47.54M) in the past 2 days!

The ETH price has come under strong selling pressure dropping over 8% on the weekly chart. Bitcoin and altcoins are facing a major shakeout ahead of the start of the ‘Uptober’ rally

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