Despite some Ethereum OGs cashing out, the top 1% richest Ether holders are quietly accumulating the cryptocurrency, with one ICO participant selling $60 million in Ether after a 9,500-fold ROI. The participant originally bought 254,000 Ether for $79,000, now worth over $757 million, according to Lookonchain data. Wallet holdings have decreased to $9.3 million.

The top 1% of Ether holders continue to accumulate, with their supply rising to 97.6% from 96.1% a year ago. US spot Ether ETFs have seen $60 million in net inflows, marking the fourth consecutive day of positive flows after eight days of outflows. The market remains measured despite positive signs and the upcoming Ethereum Fusaka upgrade.

Read more at Cointelegraph: Ethereum ICO Whale Sells $60M Of 9,000x Gain, Top 1% Buy ETH